ABBank completes capital increase to $533 million, steps up comprehensive restructuring

ABBank completes capital increase to $533 million, steps up comprehensive restructuring

An Bình Commercial Joint Stock Bank (ABBank) has finalised its charter capital increase to nearly VNĐ14 trillion (US$532.9 million) from VNĐ10.35 trillion ($394.4 million) through a share issuance to existing shareholders and an employee stock ownership plan (ESOP).

ABBank has completed its charter capital increase to nearly VNĐ14 trillion through a share issuance to existing shareholders and an employee stock ownership plan. — Photo courtesy of the bank

The move paves the way for its comprehensive transformation – from brand repositioning and governance upgrades to shaping a long-term development strategy for its next phase.

ABBank issued more than 310 million shares to existing shareholders through rights offerings, raising over VNĐ3.1 trillion ($118 million). At the same time, the bank implemented ESOP, issuing nearly 52 million shares worth approximately VNĐ517 billion ($21.7 million).

According to an ABBank representative, the successful completion of both issuance components not only bolsters the bank’s financial capacity but also reflects the continued support of existing shareholders and the commitment of its employees to the bank’s development strategy. The additional capital will be prioritised for enhancing financial strength, expanding business operations, particularly credit activities, and accelerating investment in digital transformation and upgrading technological systems.

The capital increase comes at a time when ABBank records positive business performance. In 2025, the bank posted pre-tax profit of over VNĐ3.5 trillion ($133.3 million), about 4.7 times higher than in 2024 and nearly double its annual target. Key performance indicators have also improved significantly, reflecting positive outcomes from restructuring efforts and operational optimisation in recent years.

The representative said the completion of the capital increase marks an important milestone, affirming the bank’s internal strength and growth potential. With a more robust financial foundation, ABBank will continue to innovate to deliver superior financial products and services to customers while creating sustainable value for shareholders and the community.

Bizhub