The first credit institution approved for restructuring plan

NCB's first mark in 2024 is the approval by the State Bank and competent authorities of the bank's restructuring plan with a vision to 2030.

To date, NCB is the first credit institution to complete the procedures for approving the restructuring plan built according to the "Project on restructuring the system of credit institutions associated with bad debt settlement for the period 2021 - 2025" according to Decision 689/QD-TTg of the Prime Minister and instructions of the State Bank.

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NCB is restructured to become a reputable, healthy and effective bank. Photo: NCB

NCB representative said that the bank has urgently and drastically implemented the roadmap from the second quarter of 2024 and aims to complete the restructuring plan by 2029, making NCB one of the prestigious, healthy and effective banks.

Implementing the restructuring process in a systematic and comprehensive manner with a comprehensive solution and a clear roadmap in the context of a challenging economy is a great effort of NCB. At the same time, this demonstrates the commitment of this bank to its partners, customers, and shareholders in the determination to bring NCB to sustainable development.

Increase charter capital - improve financial resources

NCB's next milestone in 2024 is to drastically increase its charter capital in accordance with the plan approved by the 2023-2024 Annual General Meeting of Shareholders. Up to now, the bank is completing the procedures and has been approved by the State Bank and the State Securities Commission. NCB has also identified 13 professional investors to register to buy individual shares to increase its charter capital.

It is expected that NCB will complete the increase in charter capital from VND 5,601 billion to more than VND 11,800 billion in the fourth quarter of 2024. According to the roadmap, NCB will continue to increase capital and it is expected that NCB's charter capital will reach more than VND 29,000 billion by 2028, in accordance with the restructuring plan, helping NCB consolidate financial resources, increase medium and long-term capital to expand business operations; contributing to making NCB one of the prestigious, healthy, effective banks, providing the best financial services and solutions in the market.

Cooperating with technology giants to promote digital transformation

In parallel with the restructuring and capital increase process, NCB also strongly implemented new strategies and digital transformation projects with all resources, constantly digitizing customer experiences with the mindset of "standing on the shoulders of giants", accompanying a series of large and prestigious partners in Vietnam and the world.

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NCB cooperates in digital transformation with a series of leading partners. Photo: NCB

Last year, NCB signed cooperation agreements to deploy a series of solutions such as cloud computing solutions and data lake platforms on Google Cloud, customer relationship management (CRM) platforms, artificial intelligence and machine learning (AI/ML) platforms, Decision Engine projects... with the world's leading technology partners. In addition, the Bank and KPMG Tax and Consulting LLC implemented projects to perfect the internal control system in line with NCB's development strategy in the next 5 years.

Most recently, the bank “joined hands” with the Center for Research and Application of Population Data and Citizen Identification (RAR - under the National Population Data Center, Department of Administrative Police for Social Order, Ministry of Public Security) to provide the feature of opening an account right on the VNeID application. This is the first bank to deploy this service on the electronic identification application of the Ministry of Public Security.

Thanks to the acceleration of digital transformation, NCB iziMobile application for individual customers of NCB is currently one of the most popular digital banking applications in the market with outstanding experiences. The bank will continue to launch the first digital hybrid asset management solution, superior to the Vietnamese market in the near future.

Perfecting senior staff - "promised land" for talented candidates

Human resources work is a highlight of NCB in the past year when it completed the senior human resources apparatus, attracted a series of talents in the finance - banking and technology sectors. By constantly innovating, building a highly competitive human resources policy in the banking sector and creating a happy working environment, NCB has become a "promised land" for banking personnel, being "Best Companies to Work for in Asia" for 2 consecutive years (2023, 2024).

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NCB is the “promised land” for talented candidates in the banking industry. Photo: NCB

Mr. Ta Kieu Hung - General Director of NCB shared: "We currently have a team of human resources, especially middle and senior staff with rich experience, professional capacity and management capacity. We always welcome talented people to join and also NCB to make a brilliant transformation journey".

2024 also witnessed NCB's continuous efforts and creativity in improving the quality of products and services and launching a series of "tailor-made" financial solution packages for individual and corporate customer segments, creating a new version of NCB with increasingly high standards to serve the community.

Doan Phong