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Nam A Bank (NAB) will list shares on HOSE on March 8 

 Wednesday, February 21,2024

AsemconnectVietnam - The Board of Directors of Nam A Commercial Joint Stock Bank (code: NAB) has just issued a Resolution approving the cancellation of stock trading registration on the UPCoM market at the Hanoi Stock Exchange (HNX) and the first trading day is expected at Ho Chi Minh City Stock Exchange (HOSE).

Accordingly, Nam A Bank will cancel the registration for trading more than 1 billion NAB shares on UPCoM from February 29, 2024, corresponding to the last trading day of February 28. NAB shares are expected to be listed on HOSE with the first trading day being March 8, 2024.
Previously, Nam A Bank was the only bank approved by HOSE to register to list shares in 2023.
As of December 31, 2023, total assets reached more than VND210,000 billion, an increase of more than 18% compared to the beginning of the year, joining the group of 20 banks with the largest total assets in the system. Other important indicators such as: capital mobilization reached nearly VND165,000 billion, an increase of nearly 20% compared to the beginning of the year, outstanding loans reached nearly VND142,000 billion, an increase of more than 18% compared to the beginning of the year.
The positive point is that NIM continues to be stable at over 3.3% in the context of narrowing deposit interest rates and customer loans, thanks to optimal solutions for profitable asset structure and mobilization structure. As a pioneer bank in digitalization, last year, Nam A Bank continued to develop a digital banking ecosystem with products and services with high technology content. Thanks to this, the number of banking customers and users recorded a breakthrough growth compared to the beginning of 2023. The number of active customers increased by 85.3% over the same period, the banking user target increased by nearly 95%.
Besides, by meeting most banking transactions, including holidays and New Year, bringing new experiences in technology and consumption, ONEBANK 365+ automatic digital transaction point has attracted a large number of people. client. By the end of 2023, ONEBANK alone has created impressive results compared to the beginning of the year such as: capital mobilization reached more than 170%, active customers increased by 240.3%, User Banking increased by nearly 200% compared to the beginning of the year...
The above positive growth momentum contributes to helping Nam A Bank record positive results in net profits compared to the beginning of 2023 such as: Net interest income reached more than VND6,600 billion (up more than 30%), net profit from operations Service activities reached nearly VND600 billion (an increase of 116%), net profit from other activities reached more than VND330 billion (an increase of 10.1%)... From there, the bank's pre-tax profit in 2023 reached more than VND3,300 billion, an increase of 50% over the same period in 2022.
Source: VITIC/Tinnhanhchungkhoan


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