Nam A Bank will participate in restructuring people's credit funds

Mr. Tran Ngoc Tam, permanent vice chairman of the Board of Directors of Nam A Bank, spoke at the congress - Photo: Nam A Bank

Nam A Bank approved a plan to increase capital to more than 18,000 billion VND

This information was given at the 2025 annual general meeting of shareholders of Nam A Commercial Joint Stock Bank (Nam A Bank) held today, March 28. Participation in the restructuring of the people's credit fund is to implement the policies of the Government and the State Bank.

At the same time, shareholders also unanimously approved the proposals such as: capital contribution, share purchase; listing of bonds issued to the public...

Another notable content is that Nam A Bank shareholders agreed to increase charter capital by more than VND 4,281 billion, raising charter capital from more than VND 13,725 billion to more than VND 18,000 billion.

This capital increase is done through issuing shares from equity capital and issuing shares under the employee stock option program (ESOP).

Regarding dividends, the bank will pay dividends at a rate of 25% by issuing more than 343.1 million shares, contributing to increasing the bank's charter capital by more than VND3,431 billion. Regarding ESOP, Nam A Bank will issue 85 million shares, increasing its charter capital by VND850 billion, the issuers are the bank's employees.

Mr. Tran Ngoc Tam, permanent vice chairman of the Board of Directors of Nam A Bank, said that paying dividends in shares and issuing ESOP shares to increase capital is necessary to improve the bank's financial capacity as well as competitiveness in the market.

"In the past, NAB shares have also created liquidity in the market and attracted the attention of many investors. Therefore, with the plan to pay 25% dividend in shares to increase charter capital this year, the bank will improve its competitiveness and expand its business activities...", Mr. Tam said.

Set profit target of 5,000 billion VND

Nam A Bank's shareholders' meeting also approved the target of consolidated pre-tax profit in 2025 reaching VND5,000 billion. Total assets reached VND270,000 billion, capital mobilization from individuals and economic organizations and issuance of valuable papers reached VND209,000 billion. Outstanding loans to individuals and economic organizations reached VND194,000 billion, ensuring safety ratios in accordance with regulations.

At the same time, the congress also agreed on the plan to issue private convertible bonds of up to VND 2,000 billion (or equivalent foreign currency value), continuing the policy of developing the business network to the international market.

In the first months of 2025, Nam A Bank maintained good growth momentum. For the first time, this bank's total assets exceeded 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 grew. Total capital mobilized from economic organizations and residents reached more than VND 201,000 billion, an increase of VND 22,700 billion (equivalent to 13% compared to the end of 2024).

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Source: https://tuoitre.vn/nam-a-bank-se-tham-gia-tai-co-cau-quy-tin-dung-nhan-dan-20250328124729853.htm