Promoting “Digitalization and Greening”
In its sustainable development strategy, Nam A Bank is implementing a comprehensive financial model with two main pillars: “digital” and “green”. The bank has gradually raised its position in the market by receiving many achievements from the successful implementation of this strategy, bringing different experiences to customers.
Nam A Bank quickly adapts and integrates into the wave of technology to provide products and services to meet the increasingly diverse needs of customers. The Bank's products and services integrate many advanced technologies, with high technology content such as Robot OPBA, Open Banking, ONEBANK... attracting the attention of millions of customers.
In addition, Nam A Bank continues to lead in the field of green credit. Over the years, Nam A Bank has "greened" its credit portfolio, continuously building a diverse portfolio of green credit products. The bank has deployed a green credit value chain with a focus on the agriculture, aquaculture and renewable energy sectors. The bank aims to increase the proportion of green credit to 20 - 25% (2 - 3 times the current proportion).
The power of “digitalization and greening” is a core strategy, an effective tool to support the Bank to continuously make breakthroughs in growth, improve competitiveness, and create a great mark in the market. To quickly realize this strategy, Nam A Bank has established specialized committees to effectively and promptly support the above goals, including: Digital Transformation Committee, Green Banking Committee and ESG Committee.
As of August 2024, Nam A Bank's accumulated pre-tax profit reached more than 75% of the annual plan. The ROE ratio reached 21.46%, ROA was 1.65%, showing that the Bank not only grew in scale but also achieved high profitability. Nam A Bank's NIM ratio continued to improve to 3.8% (compared to 3.6% at the end of the second quarter), and it is expected that NIM from now until the end of 2024 will be maintained in the range of 3.5 - 3.8%.
Capitalization exceeds 20,000 billion VND
Nam A Bank's NAB shares were officially listed on the HoSE earlier this year. This is the only bank stock approved by HOSE to register for listing in 2023.
Listed on HoSE, Nam A Bank's NAB stock has gradually affirmed its position as one of the potential stocks, continuously setting historical prices, bringing NAB's capitalization to over VND 20,000 billion.
In addition, thanks to its strong growth potential, NAB shares continue to be included in prestigious index baskets, demonstrating Nam A Bank's efforts for sustainable, safe and effective development. Specifically, during the portfolio restructuring period in September, Fubon ETF officially added NAB shares. Previously, NAB shares were also added to the MSCI Frontier Market Index by Morgan Stanley Capital International (MSCI) during the periodic review period in August 2024.
Pioneer in implementing and operating International Risk Management Standards reports
Nam A Bank is one of the pioneering banks that proactively applied the risk management model according to the regulations of the State Bank and international standards early on such as: Basel III, Basel Reform, Advanced Basel II... Most recently, this Bank has also completed financial statements according to international standards (IFRS).
Pioneering the application of the above international practices will help Nam A Bank improve risk management and financial management in banking operations. At the same time, the transparency and soundness of financial reporting information when applying international standards will contribute to enhancing the reputation and position of Nam A Bank in the domestic and international markets.
Network coverage
In its 32-year journey of sustainable development, Nam A Bank has always complied with regulations on capital scale, operational safety coefficients, and high business efficiency. Nam A Bank is one of the few banks that has been continuously licensed by the State Bank to establish branches and transaction offices.
In 2024, the State Bank of Vietnam will continue to approve Nam A Bank to expand its network in provinces and cities such as Hanoi, Ha Nam, Thanh Hoa, Thua Thien Hue, Dong Nai, and Binh Duong.
At the same time, the ONEBANK 365+ digital transaction network continues to expand in many localities across the country. In addition to the 100 existing points, ONEBANK plans to open 30 new points in 2024. This activity will contribute to diversifying banking services, bringing convenience, promptly meeting financial needs, transactions at any time, 365+...
Up to now, Nam A Bank has been present in key provinces and cities across the country with nearly 250 business locations, including nearly 150 branches, transaction offices and 100 ONEBANK 365+ digital transaction points. Thereby meeting the financial and banking transaction needs of millions of customers, connecting economic sectors, contributing to growth in localities across the country.
Recognized by prestigious domestic and international organizations
With efforts in effective and transparent business operations, in 2024 Nam A Bank was honored by prestigious domestic and international organizations through a series of awards.
Specifically, the Bank has received awards such as: Outstanding Bank for Green Credit and Outstanding Retail Bank awarded by the Vietnam Retail Banking Forum 2024; Best Workplace in Asia 2024 and Workplace with the Best Employee Care 2024 awarded by HR Asia; ONEBANK automatic digital transaction point received the Vietnam Digital Transformation Award (Vietnam Digital Awards) 2024 awarded by the Vietnam Digital Communications Association; Most Innovative Ecosystem in Vietnam 2024 and Most Innovative Open Banking Application in Vietnam 2024 voted by Asian Banking & Finance Magazine; Top 10 pioneering innovation brands awarded by Vietnam Economic Magazine; Global Banking and Finance Review (GBAF) honored as the Best Risk Management Bank in Vietnam 2024….
With a strategic vision and sustainable development goals, Nam A Bank has made strong development marks and will soon realize its strategy of being in the top 15 strongest commercial banks in Vietnam, thereby actively contributing to the country's economic development.
