The lender, formally known as Southeast Asia Commercial Joint Stock Bank, wants to list its 1.2 billion shares on the bourse, equivalent to a charter capital of VND12 trillion ($520 million), the exchange stated.
SeABank shares on the over-the-counter market are being traded at around VND14,400 (62 U.S. cents) apiece.
Its pre-tax profit in the first nine months rose 65 percent to VND1.13 trillion, while its non-performing loan ratio by the end of September was roughly the same as the beginning of the year at 2.2 percent.
This is the seventh bank to register or be approved to list on HoSE this year, with the others being Orient Commercial Joint Stock Bank (OCB), Vietnam Maritime Commercial Joint Stock Bank (MSB), Vietnam International Commercial Joint Stock Bank (VIB), Asia Commercial Bank (ACB), Lien Viet Post Joint Stock Commercial Bank (LPB), and Saigon – Hanoi Commercial Joint Stock Bank (SHB).
- SeABank increases charter capital to nearly 526 mln USD
- Main stock exchange to list two new bank stocks
- SeABank allowed to increase charter capital
- Fifth bank completes all three pillars of Basel II
- MSB officially listed nearly 1,175 billion shares on HOSE
- MSB to debut on December 23
- Funds cut stakes at ACB
- Banks sprint to transfer listing to official bourses
- ‘One-trillion-dong profit club’ led by Vinhomes JSC
- Commercial bank rush to list on stock exchanges