After Tet, more than 1 billion shares of Nam A Bank will be listed and traded on the HoSE.
Nam A Bank (NamABank) has just passed a resolution approving the cancellation of stock trading registration at the Hanoi Stock Exchange (HNX) and stopping trading on February 28.
It is expected that on March 8, NamABank shares will be traded for the first time on the Ho Chi Minh City Stock Exchange (HoSE).
From the end of 2023, NamABank has been approved by HoSE to register to list one billion shares worth more than VND10,580 billion. Accordingly, this bank is expected to be the 20th bank to list shares on the stock exchange.
NamABank has planned to list its shares on the stock exchange for many years, but has only recently realized it, according to the bank's leaders, due to objective and subjective reasons.
Since late 2020, NAB shares have been traded on UpCoM, where unlisted companies trade their securities. Currently, NAB is at its highest price ever, nearly VND16,000 per share.
In the current market, investors trade the most on the HoSE and HNX. Of which, HoSE has the largest capitalization and trading volume, along with strict listing regulations, including the requirement that the enterprise must have been profitable for two consecutive years. Meanwhile, UPCoM often gathers shares of enterprises that have not registered or do not meet the conditions to be listed on HoSE or HNX.
In addition to NAB, shares of 7 other banks are also trading on UpCoM such as BVB, ABB, PGB, VAB, SGB, KLB, VBB.
NamABank is a bank with assets of nearly 210,000 billion VND, in the group of 20 banks with the largest assets. Last year, the bank's pre-tax profit increased by more than 45% to a record 3,300 billion VND. The bad debt ratio increased from 1.6% at the beginning of the year to more than 2.1% at the end of last year in the general context of the banking industry.
According to the bank's leadership, since last year, Nam A Bank has been strengthening its senior staff to help the bank operate more transparently and effectively. NamABank's board of directors currently includes chairman Tran Ngo Phuc Vu, two vice chairmen Tran Ngoc Tam and Vo Thi Tuyet Nga, two other board members Nguyen Duc Minh Tri and Nguyen Thi Thanh Dao, and independent member Le Thi Kim Anh.
The Chairman and Board of Directors of NamABank currently own no or a small amount of shares of the bank. The only major shareholder shown in the bank's management report holding more than 5% of the voting shares is Dragon Pacific Company Limited.
Quynh Trang
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