AsemconnectVietnam - On the morning of March 17, 2023, Nam A Commercial Joint Stock Bank (NAB - UPCoM) successfully held the 2023 Annual General Meeting of Shareholders through many important contents such as the business plan for 2023, listing on HNX or HOSE, network expansion, branches in foreign countries…

Accordingly, the General Meeting approved the business plan for 2023 with the target of consolidated pre-tax profit of VND2,600 billion, total assets of VND205,000 billion (up 15.4%), capital mobilization increased by 12.8%, outstanding loans increased by 10.4% compared to 2022…
The congress agreed on a plan to expand the network and market share of multinational businesses, to establish a bank with 100% capital of Nam A Bank or an overseas bank branch (expected to be in the Asian region).
This activity is part of the long-term strategy of diversifying markets to exploit opportunities from potential foreign markets and develop a strong Nam A Bank system. This is also one of the activities in the trend of big banks to mark the process of network development to the world, an important tool to support the activities of Vietnamese enterprises abroad.
In addition, the 2023 General Meeting continued to approve the registration of listing all outstanding shares of Nam A Bank on HNX or HOSE depending on market conditions. The plan to list shares was approved by the General Meeting of Shareholders in 2022 but then actively postponed to ensure the interests of shareholders in the context of the unfavorable macro environment and unpredictable movements of the stock market.
For many years, Nam A Bank has accompanied the State Bank of Vietnam and is highly appreciated for its proactive and positive spirit in implementing the policy of restructuring the People's Credit Fund. The Bank has participated and successfully handled three People's Credit Funds which are specially controlled in Dong Nai province.
Following this success, the 2023 Annual General Meeting of Shareholders unanimously approved the plan to continue participating in the restructuring of People's Credit Funds. At the same time, authorize the Board of Directors to select and decide on the participation plan and submit it to the State Bank for consideration and approval.
Previously, in 2022, Nam A Bank was one of the few banks trusted by the State Bank to open 5 more branches and 27 transaction points nationwide.
In addition, the General Meeting approved a share dividend at the rate of 25%, an increase in charter capital... in order to strengthen financial resources, especially medium and long-term capital to accompany the Bank expand and develop business, bring long-term and sustainable value.
In 2022, the Bank achieved positive growth results in business, governance, and operations based on digital platforms.
As of December 31, 2022, Nam A Bank's total assets reached nearly VND180,000 billion, up 16%; consolidated pre-tax profit reached VND2,268 billion, up more than 26%; nearly 120 traditional transaction points and nearly 100 ONEBANK digital transaction points. In addition, Nam A Bank is one of the first four banks to announce the completion of the risk management standard according to international standards Basel III.
N.Nga
Source: VITIC/Tinnhanhchungkhoan