Celebrating its 31st anniversary (October 21, 1992 - October 21, 2023), Nam A Bank continues to make strong strides, raising its position in the banking and finance industry, making its mark with many achievements in business, digital transformation, risk management and network development.
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| Nam A Bank continuously opens new business locations |
“Covering” the network, increasing asset quality
Nam A Bank has continuously made strong progress in business activities, increased charter capital, expanded its network, and improved asset quality to ensure growth targets.
With total assets of more than 28,000 billion VND in 2013, Nam A Bank has now reached nearly 210,000 billion VND, an increase of 7.5 times, joining the top 20 banks with the largest total assets in the system. In addition, the bank's charter capital has also continuously increased, in August 2023, Nam A Bank increased from nearly 8,500 billion VND to more than 10,500 billion VND. In terms of business activities, Nam A Bank has continuously had stable growth steps, joining the group of banks with profits of thousands of billions.
The rapid and sustainable development steps in business activities have contributed to helping Nam A Bank attract a large number of customers. Compared to the first years of establishment with only a few branches and transaction offices, the bank now owns nearly 250 business locations nationwide (nearly 150 traditional transaction locations and 100 ONEBANK 365+ automatic transaction locations).
Over the past few years, this is one of the few banks approved by the State Bank to expand its network, demonstrating Nam A Bank's stable, effective and sustainable operations in the market.
Pioneering digital innovation
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Customers experience ONEBANK automatic digital transaction point |
Nam A Bank has raised its position in the market through "digital innovation", launching many diverse, modern financial products and services with high technology content, creating a different and fast experience for customers.
Up to now, Nam A Bank has owned a diverse digital ecosystem, well received by customers and highly appreciated by industry experts such as: ONEBANK 365+ automatic digital transaction point, OPBA robot and Open Banking.
This is the first Vietnamese bank to introduce robots - Robot OPBA into transaction service. At the same time, it is also the first Vietnamese bank to deploy ONEBANK 365+ automatic digital transaction point, customers can experience almost all modern banking transactions 365+, including holidays and Tet. This bank also soon applied AI artificial intelligence technology; mobile payment, QRcode; cloud computing...
International reach
As part of a long-term strategy to diversify the market to exploit opportunities from potential foreign markets, Nam A Bank is planning to expand its network, multinational business market share, establish a bank with 100% Nam A Bank capital or a bank branch abroad (expected to be in the Asian region).
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Customers transact at Nam A Bank |
This is also one of the activities in the trend of large banks to mark the process of developing the network to the world, an important tool to support the activities of Vietnamese enterprises abroad.
In addition, the bank currently has agency relationships and links with more than 330 banks across countries and territories, thereby meeting the needs of millions of domestic and foreign customers.
International standard risk management
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Nam A Bank implements International Financial Reporting Standards IFRS |
In 2022, Nam A Bank is one of the first four Vietnamese banks to complete Basel III international risk management standards. Recently, the bank continued to complete the implementation of the credit risk component according to the Basel II internal credit rating method - FIRB and continued to complete the development of methodologies and tools according to Basel III - Reforms standards. Thereby becoming one of the first banks in Vietnam to complete Basel's advanced requirements.
At the same time, after more than 18 months of efforts to implement the international financial reporting standards IFRS, in October 2023, Nam A Bank and Ernst & Young Vietnam held a handover ceremony for this project, marking an important milestone in pioneering the application of international financial management standards.
In internal operations, Nam A Bank has built an early risk warning system, developed and implemented a risk management manual across the system with specific criteria to work together to prevent incidents. At the same time, it continuously forecasts the economic situation and risks to provide flexible handling scenarios for market changes.
Spread community activities
“Beautiful Bank – Good Service” at Nam A Bank is not only modern facilities, diverse products and services that meet the different, seamless and fast experiences of customers, but also the humane values that the bank has accompanied the community throughout 31 years of development.
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Many meaningful community activities are continuously implemented by Nam A Bank. |
With the motto of "promoting business associated with community activities", Nam A Bank has implemented many annual programs such as: Happy Tet program series; Accompanying Nguoi Lao Dong newspaper in the Mai Vang Tri An program; Focusing on supporting the fields of education, health, environmental protection... The budget for these activities has increased strongly every year, in the first 9 months of the year, the bank has spent more than 60 billion VND on many meaningful activities.
In recognition of its efforts in business operations and important contributions to sustainable development, on the eve of its 31st anniversary, Nam A Bank has received many prestigious awards from domestic and international organizations: Inspiring Asian Brand; Top 10 Impressive Growth Brands; Vietnam Digital Transformation Award; Best Workplace in Asia; Top 10 Green and Sustainable Enterprises...
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