As usual every year, near the end of the first quarter of 2025, many businesses are entering the peak period to prepare for the annual General Meeting of Shareholders (GMS) season. This is not only an opportunity to summarize business activities in 2024, but also discuss and decide on important target plans for 2025, even outline a medium-term vision for the next 3-5 years.
Among the enterprises listed on the stock exchange, the banking group always attracts attention from investors, and has begun to announce the 2025 General Meeting schedule. Among them, Nam A Bank ( NAB code) is one of the pioneering banks to organize an early meeting to submit to the General Meeting of Shareholders for consideration and approval of important contents and new orientations in 2025.
Revealing the 25% reward sharing plan
Nam A Bank closed the shareholders' list on February 24 and is expected to hold the 2025 annual General Meeting of Shareholders on March 28 at Dalat Palace Heritage Hotel (Da Lat City, Lam Dong). All relevant documents have been publicly announced on the bank's website.
In 2024, Nam A Bank continued to record positive business results, specifically: consolidated pre-tax profit reached VND 4,545 billion (up 38% over the same period, exceeding the annual plan by 14%), accompanied by total assets of more than VND 245,000 billion and capital mobilization from customers reaching VND 178,341 billion (completion of 100% of the set target).
Entering 2025, with the orientation of maintaining the growth target but associated with the responsibility to share difficulties with businesses and customers as called by Chinh Phu. Therefore, Nam A Bank has set a pre-tax profit plan for 2025 of VND 5,000 billion, up 10% over the previous year. Total assets are expected to reach more than VND 270,000 billion, an increase of more than 10% compared to the end of 2024. Outstanding loans to customers are about VND194,000 billion, up 16% corresponding to the limit for credit growth in the banking industry in 2025. At the same time, the bank also aims to continue controlling the bad debt ratio to no more than 2.5%.
In particular, one of the contents that investors are particularly interested in is the plan to divide reward stocks. Accordingly, Nam A Bank will submit to shareholders for approval a plan to issue 343 million bonus shares (equivalent to 25%) from equity capital.
Sustainable development orientations for 2025: Increasing financial buffer and moving towards digital and greening goals
Continue to increase financial capacity to increase financial capacity towards meeting requirements according to the enhanced Basel II roadmap and promote the application of greening + digitalization standards in the bank's business portfolio.
In 2024, Nam A Bank increased its charter capital from VND 10,580 billion to VND 13,725 billion through issuing bonus stocks and ESOP. In 2025, the bank continues to plan to increase charter capital to more than VND 18,000 billion, and at the same time submit to shareholders for approval many important submissions: Issuing individual convertible bonds, contributing capital to buy shares, participating in restructuring people's credit funds...
The proactive development of backup plans and risk management scenarios, especially in cases where banks are "intervened early", shows the orientation of methodical governance and strict compliance with State Bank regulations.
In addition, Nam A Bank is gradually building an investment portfolio towards digitalization and greening, towards sustainable development and differentiation in the financial market.
In 2024, the bank opened 5 more branches and 3 transaction offices, bringing the total number of traditional transaction points to 148 points. In addition, Onebank's digital transaction point has also been expanded with 114 points, bringing the total business point to 262 points, covering all key economic regions across the country.
The plan to expand operations to international markets will also continue to be submitted to shareholders in 2025, in order to reach global financial institutions and potential customers such as overseas Vietnamese and FDI enterprises.
At the same time, Nam A Bank is promoting its digital transformation strategy, upgrading technology infrastructure, and restructuring traditional distribution channels. At the same time, gradually forming strategic alliances with securities companies, finance companies, insurance companies, retail chains... to expand the portfolio of potential customers.
In addition, the bank is researching and implementing a "financial supermarket" tool, helping customers have a multi-functional experience.
NAB has just been included in the stock investment portfolio of many foreign funds
In the stock market, NAB stocks continuously attracted investors, liquidity increased sharply with tens of millions of stocks matched for each session. Not only attracting domestic investors, NAB also " granted the green eye" of foreign investors with many sessions of net buying in large quantities.
In the review period of the first quarter of 2025, Markest Vector indexes added NAB to the list of MarketVector Vietnam Local Index - a reference index of VanEck Vector Vietnam ETF (VNM ETF). NAB is also the code that is expected to be bought the most with nearly 5.9 million USD, equivalent to buying about 9 million shares at the closing price on March 14 - before the list announcement date (17,600 VND/share).
Founded in 2019, VanEck has developed into one of the world's most powerful investment empire. As of the end of 2024, VanEck manages assets of up to 113.8 billion USD. This company has affirmed its leading position in the global financial market through a diverse portfolio. With a macro-investment philosophy, the green eyes of this fund have made NAB shares become a "hot" bank stock in the eyes of investors in recent times.
Previously, in the Q3/2024 restructuring period, NAB was also included in the investment portfolio by Fubon FTSE Vietnam ETF. The fund has bought about 10 million NAB shares.
In addition to the funds of VanEck and Fubon FTSE Vietnam ETF, there are also ETFs from Singapore, Taiwan, Hong Kong, USA and domestic ETFs such as DCVFMVN Mid Cap ETF, Vina Capital VN 100 ETP... investing in NAB stocks.
