AsemconnectVietnam - Nam A Commercial Joint Stock Bank (Nam A Bank, stock code NAB - UPCoM) announced that on 7 July, 2023, it will finalize the list of shareholders to receive issued shares to increase share capital from equity.

Accordingly, Nam A Bank is expected to issue more than 211.6 million shares at the ratio of 100:25, which means that shareholders owning 100 shares will receive an additional 25 shares. The odd number of shares arising from rounding down (if any) will be cancelled.
Capital issued from equity, including undistributed profit after tax and share premium as at December 31, 2022, based on the independently audited consolidated financial statements of 2022. NAB, respectively nearly VND544.26 billion and VND1,571.83 billion.
After the issuance, Nam A Bank is expected to increase its charter capital from more than VND8,464 billion to more than VND10,580 billion.
Previously, at the end of April 2023, the State Bank of Vietnam issued an official letter approving NAB's increase in charter capital by a maximum of more than VND2,116 billion according to the charter capital increase plan approved by Nam A's 2023 Annual General Meeting of Shareholders. Bank approved.
In terms of business activities, in the first quarter of 2023, Nam A Bank's total assets reached more than VND194,000 billion (up 9%) compared to the beginning of the year. In which, deposits at the State Bank (SBV) were 2 times higher than at the beginning of the year (more than VND4,000 billion), deposits at other credit institutions increased by 31% (more than VND30,000 billion), loans increased 7 % (more than VND128,000 billion). At the same time, compared to the beginning of the year, customer deposits increased by 10% (more than VND137,000 billion), issuance of valuable papers increased by 10% (more than VND13,000 billion).
At the end of the first quarter of 2023, Nam A Bank achieved a pre-tax profit of more than VND763 billion (up 18% over the same period last year and reaching 29% of the 2023 plan). Compared to the same period last year, net interest income increased by 42%, non-interest income also increased such as: interest from services increased by 97%, interest from foreign exchange increased by 55%...
In 2023, the Bank set a target of consolidated pre-tax profit of VND2,600 billion, total assets of VND205,000 billion (up 15.4%), capital mobilization increasing by 12.8%, outstanding loans increasing by 10.4%. compared to 2022…
In addition to the business plan, at the 2023 Annual General Meeting of Shareholders, Nam A Bank continued to approve the listing of all outstanding shares on the 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.
N.Nga
Source: VITIC/Tinnhanhchungkhoan