The Congress approved important decisions such as: profit target of VND 5,000 billion, continued division of 25%, increase charter capital to more than VND 18,000 billion, issue bonds with a maximum conversion of VND 2,000 billion, expand network abroad...
The Board of Directors (BOD) of Nam A Bank is oriented to focus on restructuring the system and organizing it to be closely and harmoniously linked between the three factors "strategy - mechanism - people", striving to successfully complete the business plan in 2025.
The Congress has also approved the key business targets for 2025. Specifically: The unified pre-tax profit target is VND 5,000 billion. Total assets reached VND 270,000 billion, mobilized capital from individuals, economic organizations and issued documents worth VND 209,000 billion. Outstanding loans to individuals and economic organizations reached VND194,000 billion, ensuring safety ratios in accordance with regulations.
Regarding the increase in charter capital, the 2025 Annual General Meeting of Shareholders agreed to increase by more than VND 4,281 billion, raising the charter capital from more than VND 13,725 billion to more than VND 18,000 billion. This capital increase is achieved through issuing shares from equity capital and issuing shares under Nam A Bank's employee stock options program (ESOP).
Accordingly, the bank will receive a dividend of 25% by issuing more than 343.1 million shares, contributing to Nam A Bank's charter capital increase of more than VND 3,431 billion. Regarding ESOP, Nam A Bank will issue 85 million shares, increasing its charter capital by 850 billion VND, the issuer is the bank's staff.
The above capital increase is to implement the strategic development orientation of Nam A Bank in 2025, with a vision to 2030. At the same time, improve financial capacity to meet the requirements of business development and risk management, linking the interests of employees with the bank's operational results.
The 2025 Annual General Meeting of Shareholders also agreed on the option of issuing individual convertible bonds with a maximum value of VND 2,000 billion (or equivalent foreign currency value), the issuance volume is 20,000 bonds, the maximum bond term is 5 years, is a type of convertible bond, domestically or internationally offered, authorizing the Board of Directors to choose the issuance market. This activity aims to increase the scale of operating capital, supplement medium and long-term capital to serve credit granting needs as well as attract domestic and foreign investors.
This year, Nam A Bank continues its policy of developing a business network to the international market, aiming to expand the operating market, diversify the customer base using financial products and services and attract investment capital and foreign currency from abroad, continuing to affirm the brand reputation, management capacity and financial potential of the bank.
In addition, implementing the policy of the Government and the State Bank of Vietnam (SBV), the 2025 Annual General Meeting of Shareholders also agreed in principle to participate in restructuring the People's Credit Fund, authorizing the Board of Directors to select and decide on a plan to submit to the SBV for consideration and approval. At the same time, shareholders have also agreed to approve submissions such as: capital contribution, share purchase; listing bonds issued to the public...
To effectively implement the business strategy and complete the plans approved by the 2025 annual General Meeting of Shareholders, Nam A Bank has created important stepping steps, in which, the stable growth of business results in 2024 opens up many positive prospects. According to the independently audited financial report for 2024, Nam A Bank's pre-tax profit reached VND 4,545 billion (equivalent to an increase of 37.6% compared to 2023).
Other important indicators continue to achieve positive results such as: Total assets reached more than VND 245,000 billion, up nearly 16.8% compared to the end of 2023; Capital mobilization reached nearly VND 179,000 billion, up more than 9% compared to the end of 2023; Credit activities reached nearly VND 168,000 billion, up 18.34% compared to the beginning of the year. In addition, credit quality is always strictly controlled, ensuring compliance with the regulations of the State Bank.
In the first months of 2025, Nam A Bank still maintained a good growth momentum. For the first time, this bank has a total asset scale exceeding 10 billion USD, reaching 266,000 billion VND, an increase of 20,700 billion VND, equivalent to 8.5% compared to the end of 2024. Other business indicators also had impressive growth, specifically: Total mobilized capital from the Economic and Population Organization reached more than 201,000 billion VND, an increase of 22,700 billion VND (equivalent to 13% compared to the end of 2024).
Meanwhile, outstanding loans reached nearly VND 175,000 billion (up nearly 4% compared to the end of 2024); Document investment activities were valued at nearly VND 27,400 billion (up 31% compared to the end of 2024); Profit in the first 2 months of this year reached more than VND 900 billion (up 30% over the same period in 2024 and reached 18% of the 2025 plan - this year's plan is VND 5,000 billion).
Recently, Fitch Ratings - one of the three leading credit rating organizations in the world, has rated Nam A Bank's Longterm Issuer Default Rating (IDR) credit rating at "B+" along with a stable outlook (equivalent to Moody's B1 level). The evaluation results of Moody's and Fitch Ratings reflect the recognition of Nam A Bank's business results in recent times.
On the stock market, MarketVector indexes added NAB shares to the list of MarketVector Vietnam Local Index - a reference index of the vanEck Vector Vietnam ETF fund (VNM ETF) in the review period of the first quarter of 2025. Previously, in the Q3/2024 restructuring period, NAB was also included in the investment portfolio by Fubon FTSE Vietnam ETF. In addition to these two funds, there are currently ETFs from Singapore, Taiwan, Hong Kong, US and domestic ETFs such as DCVFMVN Mid Cap ETF, VinaCapital VN 100 ETP... investing in NAB stocks.
Regarding attracting capital from foreign financial institutions, Nam A Bank fully meets international standards ( Basel III risk standard, IFRS international financial reporting, Fitch Ratings credit rating, Moody's Ratings, ESG, Sustainable Development Reporting, etc.). This year, Nam A Bank plans to continue to attract 200 million USD from foreign financial institutions and has worked with all parties.
In 2025, Nam A Bank will continue to proactively maintain growth momentum through two important strategic pillars of digitalization and greening to adapt flexibly to economic fluctuations, committed to ensuring the rights of employees, customers, partners, shareholders, and domestic and foreign investors.
