Accordingly, HOSE approved the listing registration for more than 1 billion NAB shares. The value of listed shares is more than VND 10,580 billion calculated at par value.
In recent years, many banks trading on UPCoM have planned to move their listing floors to HOSE or HNX. In early 2023, this plan will continue to be presented at the General Meeting of Shareholders. At this point, almost the end of 2023, Nam A Bank is the only bank in the system approved to move floors.
Customers transact at Nam A Bank.
The listing on HOSE marks a turning point, helping Nam A Bank attract investors, especially foreign investors. At the same time, it continues to affirm transparent and stable business operations, helping the Bank soon realize its goal of becoming the leading retail joint stock commercial bank in Vietnam, providing the best financial solutions to customers.
By the end of the third quarter of 2023, Nam A Bank's total assets reached nearly VND 207 trillion, an increase of nearly 19% over the same period, completing 100.9% of the annual plan. Thereby, Nam A Bank joined the group of 20 banks with the largest total assets in the system.
Meanwhile, pre-tax profit grew steadily, reaching over VND2,000 billion (up 10.3% over the same period). Total capital mobilization and outstanding credit outstanding successfully completed the yearly plan, reaching over VND164 trillion and over VND132 trillion, respectively. The bad debt ratio was strictly controlled according to the regulations of the State Bank.
ONEBANK – One of the technological highlights of Nam A Bank.
To achieve the above results, Nam A Bank has proactively implemented a series of solutions to consolidate a solid foundation. Pioneering comprehensive digitalization, focusing on early green credit development, and constantly enhancing governance capabilities to ensure outstanding efficiency and sustainability are the ways Nam A Bank builds a sustainable development brand, creating trust among customers, investors and partners.
Nam A Bank's Digital Banking ecosystem is constantly being improved, enhancing features for customers to experience seamlessly, quickly, securely and differently. Being at the forefront of digital transformation has helped the number of Nam A Bank's individual customers increase sharply in recent years. At the same time, it is also the solution to the problem of expanding the network while still ensuring to reduce operating costs.
The volume and value of Nam A Bank's e-banking transactions increased 11.8 times compared to 2021. By November 2023, it increased 1.55 times compared to the end of 2022. The number of active customers doubled compared to 2022.
Promoting business with a good risk management system and pioneering the application of international standards has been one of the top priorities of banks in recent years to attract customers and investors as well as flexibly respond to market challenges.
In 2023, the Bank announced the completion of the implementation of the credit risk component according to the Basel II - FIRB internal credit rating method and continued to complete the development of methodologies and tools according to Basel III - Reforms standards.
Previously, Nam A Bank was one of the first four Vietnamese banks to announce the completion of Basel III risk management standards. At the same time, Nam A Bank and Ernst & Young Vietnam held a handover ceremony for the project to implement the international financial reporting standards IFRS, marking an important milestone in pioneering the application of international financial management standards.
By further strengthening the most advanced components of Basel as well as international financial reporting standards, Nam A Bank continues to affirm its transparency and safe and effective operations in the current challenging economic context. The proof is that in recent years, Nam A Bank has continuously been trusted by the State Bank to expand its branches and transaction offices.
Up to now, Nam A Bank has nearly 250 business locations nationwide, including nearly 150 traditional business locations (branches, transaction offices) and 100 ONEBANK locations, meeting the transaction needs of millions of customers. On December 15, the State Bank also issued documents approving Nam A Bank to establish 5 branches and 3 transaction offices.
Nam A Bank's positive changes in finance and risk management in 2023 also reflect positively on the bank's stock performance. Nam A Bank's investment performance outperformed the VN Index and the average of banking stocks.
Following the above achievements, Nam A Bank's listing on HOSE - the largest and highest standard stock exchange in Vietnam - is the next big step in the bank's development. The new challenges and pressures of listing will also be the conditions for Nam A Bank to continue to grow sustainably, seize new cooperation and business opportunities to bring more benefits to shareholders.
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