Promoting digitalization and greening

Image 1 ONEBANK.jpg
ONEBANK is one of the technological highlights of Nam A Bank. Photo: Nam A Bank

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 such as: Robot OPBA, Open Banking, ONEBANK... attracting the attention of millions of customers.

In addition, Nam A Bank continues to affirm its reputation 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 the core strategy, an effective tool to support Nam A Bank to continuously make breakthroughs in growth, improve competitiveness, and create a big 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.

Figure 2 HoSE.jpg
NAB is the first bank stock to be listed on HoSE in 2024. Photo: Nam A Bank

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.

Deploying international risk management standards reporting, network coverage

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).

Figure 3 Risk Management (1).jpg
Recently, Nam A Bank has completed the IFRS financial reporting conversion project. Photo: Nam A Bank

In addition, in the 32-year journey of sustainable development, Nam A Bank has always complied with regulations on capital scale, operational safety coefficients, and high business efficiency. Thanks to that, Nam A Bank has continuously been licensed by the State Bank to establish branches and transaction offices.

In 2024, Nam A Bank will expand its network in provinces and cities such as: Hanoi, Ha Nam, Thanh Hoa, Thua Thien - Hue, Dong Nai, Binh Duong.

Figure 4 Network Expansion.jpg
Customers transact at Nam A Bank. Photo: Nam A Bank

Make your mark with a series of domestic and international awards

With its efforts in effective business operations, in 2024 Nam A Bank was honored by prestigious domestic and international organizations through a series of awards.

Specifically, this 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... Nam A Bank is also in the "Top 10 Pioneering Innovation Brands" awarded by Vietnam Economic Magazine; honored by Global Banking and Finance Review (GBAF) as "Best Risk Management Bank in Vietnam 2024".

ONEBANK automatic digital transaction point received the "Vietnam Digital Awards" 2024 presented 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.

Huynh Nhu