SeaBank's capital hike was made through share additional issue and dividend payment from its equity in 2022. — Photo courtesy of SeABank Southeast Asia Commercial Joint Stock Bank (SeABank) officially increased its chartered capital by VNĐ3.2 trillion to VNĐ19.8 trillion (US$853.4 million). The capital hike, approved by the State Bank of Việt Nam late last month, was made through additional share issue and dividend payment from its equity in 2022. About 211.4 million shares, equivalent to 12.7 per cent of its charter capital, were issued to pay dividend and 109.7 million new shares, or 6.6 per cent of its charter capital, were issued to investors. This move is part of the bank’s plans to improve its capital adequacy ratio, supplement working capital, implement digitalisation process in credit and payment activities, and diversify products and services, thereby improving the service quality and enhance customer experience. In the third quarter of 2022, SeABank will continue … [Read more...] about SeABank hikes charter capital to over $853 million