AsemconnectVietnam - In 2023, HDBank (HDB) reach VND13,017 billion profit; SHB continues to grow sustainably, transform strongly and comprehensively; Eximbank (EIB) completed nearly 55% profit target; KienlongBank (KLB) completed the plan, reaching VND719 billion pre-tax profit; Sacombank (STB) reported pre-tax profit nearly VND9,600 billion; SeABank (SSB) completes 2023 business plan: CASA grows well; Nam A Bank (NAB) will list shares on HOSE on March 8, 2024.

HDBank
On January 30, Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank - stock code: HDB) announced its financial report for the fourth quarter of 2023 with all high growth targets according to shareholders' plans. Pre-tax profit reached VND13,017 billion, an increase of 26.8%. Individual bad debt is only 1.5%, quality indicators grow in the leading group.
Strong acceleration in the fourth quarter of 2023, high growth quality among the industry leaders
HDBank's pre-tax profit in the fourth quarter of 2023 reached VND4,385 billion, up 94.7% over the same period and for the whole year 2023 reached VND13,017 billion - the highest level ever for this bank. Profitability targets ROA reached 2%, ROE reached 24.2%, both higher than the same period last year and in the leading group of the entire industry.
The bank has proactively increased provisions to strengthen financial buffers and be ready for market fluctuations. CAR capital adequacy (Basel II standard) reaches 12.6%, reaching 150% compared to banking industry regulations.
As of December 31, 2023, HDBank's total assets reached over VND602 trillion, an increase of 44.7% compared to 2022. Capital mobilization reached VND537 trillion, an increase of 46.5%. Consolidated credit balance reached VND353 trillion, an increase of 31.8%.
In 2023, the digital banking channel will grow strongly in both the number of new customers and the number of transactions, increasing by 107% and 88% respectively over the same period last year. Of these, 94% of individual customer transactions are carried out on digital channels, significantly higher than the rate of 77% in 2022. For the first time, the number of new customers attracted on digital channels has exceeded number of new customers of traditional channels.
Decade of continuous high growth, international reach
HDBank is a bank with decades of continuous high growth in the banking industry. On average over the past 10 years, HDBank achieved compound profit growth of 49.1% per year.
To maintain sustainable growth momentum over a long period of time, on the one hand, HDBank is steadfast in its multi-purpose retail, SME and consumer finance strategies, and on the other hand, actively applies the best international standards in modern banking management. HDBank has pioneered the implementation of Basel II and in 2023 will continue to upgrade to Basel III international governance standards and implement the ESG strategy.
2023 also marks the 10-year journey of HDBank merging with DaiABank and acquiring consumer finance company Societe Generale Viet Finance (SGVF), the predecessor of today's HD SAISON.
These successful financial institution restructuring projects have created momentum for HDBank's strong growth journey, expanding its geographical area to second-class urban areas and rural areas for chain financing and response programs. Effectively meet the consumer loan needs of workers and workers who do not have access to banking services.
Accompanying the development of the digital economy, spreading happiness
Besides vibrant business activities, HDBank also accompanies the economy with practical and meaningful programs. The bank deploys many preferential loan packages with attractive interest rates to accompany people and businesses in economic development, contributing to repelling black credit.
In addition, HDBank is the leading bank in promoting the One Commune One Product (OCOP) program, supporting farmers in bringing products to digital sales channels, applying non-cash payment, and deploying other products. practical social security program.
Proactively implementing social responsibility, in 2023 HDBank implemented many meaningful programs, such as awarding funds to perform thousands of surgeries for patients with cataracts, giving away health insurance cards, and hundreds of scholarships, building hundreds of houses of love, great solidarity... across the country.
With high business results and positive contributions to the economy and society, HDBank was honored with many prestigious awards, notably the Asean Business Awards 2023 - Digital Initiative Award selected by the ASEAN Business Consulting Council. HDBank's Board of Directors was honored as Board of The Year by the Vietnam Institute of Board Members (VIOD).
The bank also won two awards for Excellent Annual Report and Best Listed Company for Organizing the General Meeting of Shareholders organized by Ho Chi Minh City Stock Exchange, Hanoi Stock Exchange and Investment Newspaper; Best retail bank in Vietnam in 2023, Top 10 reputable banks, Top 10 reputable and effective public companies, Best bank for community responsibility in Vietnam in 2023.
On February 1, 2024, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - stock code: HDB) organized an investor conference, updating business results in 2023 and information on some directions and prospects for 2024.
Overcoming fluctuations, belonging to the group of leading effective banks in the industry.
According to information from the Conference, in 2023, HDBank will have comprehensive high growth in both scale and quality, completing and exceeding planned targets.
Specifically, consolidated profit for the whole year 2023 will reach VND13,017 billion, an increase of 26.8% compared to 2022 - among the group of listed banks with the highest profit growth rate. This result confirms HDBank's ability to maintain high growth in a volatile context. The efficiency indicators accordingly continue to be high, with return on total assets (ROA) reaching 2.0% and return on equity (ROE) reaching 24.2%, among the leading group of Vietnam commercial banking system. The individual bad debt ratio is only 1.5% and the consolidated is 1.79% and is at the low end of the industry.
Another notable point, digitalization activities helped HDBank grow dramatically in the number of new customers and number of transactions, with increases of 107% and 88% respectively over the same period. Of these, 94% of individual customer transactions are made on digital channels, higher than 77% in 2022.
Mr. Pham Quoc Thanh - General Director added that the economy has shown signs of positive recovery from the fourth quarter of 2023, the export, agriculture, consumption, tourism and real estate sectors... have good credit. Signing positive growth, HDBank has deployed many preferential credit packages to promptly support the loan needs of people and businesses.
Regarding the outlook for 2024, at the conference, HDBank detailed a number of notable indicators, which are also the potential and strengths of growth in the coming time.
Specifically, by the end of 2023, HDBank's capital adequacy ratio continues to increase to 12.6%, among the industry's leading group; Outstanding debt/deposit ratio at 66.2% (regulatory limit 85%) creates space for large credit growth in the coming time without pressure on capital resources; The ratio of short-term capital for medium-long-term loans is only 22.5% (regulatory limit of 30%), creating conditions for considering increasing medium-long-term debt balance to increase interest margin (NIM).
With the above advantages and proactive conditions, HDBank plans to submit to the upcoming Annual General Meeting of Shareholders targets for growth of assets, revenue, outstanding loans, and profits in 2024 at over 20%.
SHB
Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just announced its consolidated financial statements for 2023 with stable business growth results and safety indicators in the context of the market experiencing many difficulties.
As of December 31, 2023, SHB's total assets reached VND630 trillion; Capital mobilization in market 1 reached VND497 trillion; Equity capital according to Basel II reached VND70.3 trillion; Charter capital reached VND36,194 billion, continuing to maintain its position in the Top 4 largest private commercial banks in the system.
SHB's outstanding credit balance reached VND455 trillion, an increase of 17.1% compared to the end of 2022; Focusing on production and business fields, priority fields according to the policies of the Government and the State Bank, fields that are the driving force for growth of the economy such as: rural agriculture, export, industry processing and manufacturing, construction, infrastructure, consumption...
Net income from business activities reached VND20,523 billion, an increase of 20% compared to 2022. Profit before tax reached VND9,245 billion. Business performance is stable, SHB's ROE, NIM... indexes are all good with good growth, especially the CIR index reached 23%. SHB has continuously ranked first in the group of banks with the best cost control for many consecutive quarters. Increased risk provision costs compared to 2022 help SHB continue to improve risk provision cushion to 75%.
In addition to efforts to reduce costs, SHB has implemented many preferential credit programs with a scale of tens of thousands of billions of dong for new customers and interest rate reductions for existing customers. The total amount of reduced interest for customers amounted to more than VND2,800 billion. Other non-financial policies and support are also deployed promptly and continuously by the Bank to help businesses overcome difficulties to maintain, stabilize and restore growth.
SHB's business results are achieved in parallel with the implementation of strict risk management policies. SHB's safety and risk management indicators are all better than the State Bank's regulations, complying with Basel II and Basel III standards in liquidity risk management.
The year 2023 also records SHB's strong and comprehensive transformation towards a standard modern banking model in the future. In particular, digital transformation with clear strategies and development directions has achieved positive results, helping SHB achieve good growth in customers and transactions.
SHB has built many digital products, bringing new "online" features such as: Mobile application for corporate customers SHB Corporate Mobile helps entrepreneurs proactively manage anytime, anywhere; SHB SAHA app integrates nearly 40 new features, bringing new and different experiences for science and technology; Features of selling foreign currency online...
In operations, SHB continuously automates many internal processes for management, including applying digital technology to management activities, enhancing risk management, and applying artificial intelligence. Created to support business...
To date, at SHB, 90% of key banking operations can be performed entirely on digital channels, exceeding the target according to the Banking Industry's Digital Transformation Plan to 2025. At the same time, 90% of transactions of corporate and individual customers are carried out entirely through Mobile banking and Internet banking digital channels.
Last year, SHB expanded 5 more branches and 25 transaction offices, bringing the total number of domestic and international transaction points to 569. SHB's large network has been promptly meeting transaction needs. financial services for all customers, connecting economic sectors, creating jobs for many workers, contributing to building innovative and developed provinces and cities, especially in mountainous and rural areas and directly contribute to the state budget at localities.
With a sustainable development strategy, increasing financial capacity and fundamental factors, thereby promoting business activities in key segments, in 2023, SHB has completed the transfer of 50% of capital. SHBFinance shares for Ayudhya Bank Limited (Krungsri) of Thailand; At the same time, accompanying international financial institutions: WB, IFC, ADB, KfW... to implement billion-dollar projects, including signing a Credit Contract with IFC with a loan package worth USD120 million.
2023 is a special year for SHB when the bank celebrates 30 years of development, accompanying the country with a series of strong orange spreading activities from internally to customers and the community. SHB was honored to be awarded the Third Class Labor Medal by the Party and State, and prestigious domestic and international organizations honored many important awards such as: Best Trade Finance Bank in Vietnam, Best Trade Finance Bank in Vietnam, has the best ESG impact in Vietnam, Outstanding Bank for the Community, Best Workplace in Asia... That is an extremely valuable recognition of the Party, State and community for the positive contributions of SHB into the country's socio-economic development.
Eximbank
Vietnam Export-Import Commercial Joint Stock Bank (Eximbank, code EIB) has just announced its consolidated financial statements, with pre-tax profit in 2023 reaching VND2,720 billion, down 27% compared to the previous year, due to a decline in main revenue sources, while risk provisions increased sharply.
In the fourth quarter of 2023, Eximbank's net interest income reached more than VND1,397 billion, down about 3% compared to the same quarter last year. Revenue from services decreased by more than 31%, recording just over VND128 billion this quarter. Notably, Eximbank's profit from foreign exchange trading in the fourth quarter of 2023 decreased sharply, reaching just over VND24 billion, while the same quarter of 2022 reached nearly VND255 billion.
Cumulatively for the whole year 2023, Eximbank's net interest income decreased by 18% compared to the previous year when it earned just over VND4,597 billion. Profit from service business went sideways when recorded more than VND514 billion; Profit from foreign exchange trading decreased by 20%. Investment securities trading activities were a bright spot, earning VND121 billion, an increase of nearly 40% compared to the previous year. At the same time, other revenue sources also increased dramatically by 73%, recording more than VND835 billion.
In the past year, Eximbank's operating costs decreased by 10% compared to the previous year, to only VND3,140 billion, but net profit from business activities still decreased by 10%, to only VND3,414 billion. In 2023, Eximbank will set aside more than VND694 billion to reserve for credit risks, nearly 7 times more than the previous year. As a result, pre-tax profit is only nearly VND2,720 billion, down 27% compared to 2022.
According to Eximbank, due to the influence of factors such as: proactively reducing lending interest rates to support customers in accordance with the State Bank's policy to stimulate demand in the context of a difficult economy and to keep customers in the face of difficult economic conditions. Banks entice customers to borrow money.
The impact of high capital mobilization interest rates on the market in the last months of 2022 and the first quarter of 2023 has caused the cost of paying interest on deposits in 2023 to increase significantly. At the same time, bad debt increased due to customers facing difficulties, causing provisioning costs to increase, affecting Eximbank's profits.
Eximbank has always accompanied and shared difficulties with customers. In 2023, Eximbank has repeatedly reduced lending interest rates to support customers with loans and implemented debt restructuring for customers according to Circular 02/2023/TT. -SBV, reduces interest and fees to support customers with overdue debts to arrange debt repayment.
By the end of 2023, Eximbank's total assets increased by 8.8%; Capital mobilization increased by 6.5%; Outstanding credit balance increased by 7.6%; Service activities such as foreign exchange business, cards, and remittances all have growth compared to 2022; Liquidity and safety indicators in operations are always well controlled and comply with the regulations of the State Bank.
Regarding plans for 2024, Eximbank continues to set a relatively ambitious target, in which pre-tax profit is VND5,180 billion, 90.5% higher than the previous year's results. Total assets are expected to increase by 11%, to VND223,500 billion, and capital mobilization to increase by 10.5%, to VND175,000 billion.
At the same time, Eximbank aims to increase credit balance by 14.6%, to VND161,000 billion, while the bad debt ratio is reduced to the level of 2022, at 1.8%.
KienlongBank
In parallel with increasing the proportion of investment in technology and promoting digital transformation to build a strong pivotal year in the digitalization roadmap, KienlongBank's business results in the fourth quarter of 2023 also recorded many positive results, exceeding annual goals.
KienlongBank's financial picture improved in the last quarter of the year
Kien Long Commercial Joint Stock Bank (KienlongBank, UpCoM: KLB) has just announced its financial report for the fourth quarter of 2023. The recorded results have shown signs of improvement in the Bank's overall financial picture. With the flexible and prudent direction and management of the Government and the State Bank (SBV), KienlongBank's Board of Directors has implemented many sensitive solutions and proactively responded to market difficulties. Data as of December 31, 2023 recorded that KienlongBank's total assets reached VND86,972 billion; Customer deposits reached VND56,897 billion, outstanding credit reached VND52,580 billion, exceeding the yearly plan.
In the business results report, KienlongBank recorded a net profit of VND542.6 billion; Profit from service activities reached VND144.6 billion, while net profit from foreign exchange trading activities and buying and selling investment securities brought the Bank VND22.3 billion and VND31.8 billion, respectively. KienlongBank's pre-tax profit in the quarter was recorded at VND79.5 billion, bringing the total profit in 2023 to VND719 billion, reaching 102% of the plan approved by the General Meeting of Shareholders in April, bringing Total profit after tax is VND574 billion.
In the digitalization strategic roadmap, the Bank spends most of its resources investing in technology and digital transformation to increase productivity as well as improve customer service efficiency. This is also one of the costs that accounts for a large proportion of the Bank's total operating costs in the quarter. However, to meet the dual goal of preparing a solid foundation for a breakthrough and maintaining business efficiency, KienlongBank has proactively optimized operating costs, thereby reducing overall costs, ensuring Ensure profits reach plan.
This is the first year under the leadership of the Board of Directors and Supervisory Board for the new term (2023 - 2027), to achieve these positive business results, KienlongBank has focused credit on the fields of production - business, priority areas and growth drivers according to the Government's policies; Consider giving priority to granting credit according to the Green Classification List, providing loans to meet people's housing needs; Strictly control credit in potentially risky areas. At the same time, through the restructuring of outstanding loans, the Bank also creates favorable conditions for customers who are individuals, small and medium-sized enterprises, cooperatives, and production models that apply high technology participate in the value chain, access credit capital, and develop business.
2023 is also the year that recognizes KienlongBank's joint efforts in supporting people and businesses when 8 consecutive times it reduces lending interest rates with a total reduction of over 3%, exceeding the target set by the Government and the State Bank proposed (from 1.5 - 2%). Not stopping there, opening the first days of 2024, understanding the spending and business needs of customers, KienlongBank has launched a 0% loan interest rate incentive program with the hope of providing support strongly, increasing access to capital for customers during this important time.
Notably, thanks to strict risk management measures and cautious risk appetite, reducing the proportion of loans to risky areas, KienlongBank's bad debt ratio remains below 1.5%, belonging to the low group in the market, ensuring compliance with regulations of the State Bank. In addition, in the fourth quarter of 2023, KienlongBank also proactively used resources by setting aside VND229 billion provisions to improve resources, increase buffers, cover bad debts, and make efforts to control The bad debt ratio is below the prescribed level, while reducing pressure on provisions for the coming years, reducing the impact of bad debt in the future.
Accelerating digital transformation, aiming to build a comprehensive ecosystem by 2025
Expecting the recovery momentum of the Vietnamese economy in particular in the coming year, to complete the goals in the assigned key plan, KienlongBank has closely followed the directions from the Government and the State Bank of Vietnam, making money. issues to implement key groups of solutions such as focusing on improving administrative capacity, focusing on governance issues according to international practices; Strengthen supervision and compliance with regulations and standards in banking operations; Drastically implement restructuring solutions and handle bad debts; promote digital transformation.
In addition to market-sensitive business decisions, KienlongBank also aims to take sustainable development and selective growth as a guiding premise to achieve the goal of becoming a leading bank in the retail segment, supporting consumer demand and small and medium enterprises (SMEs).
By identifying digital transformation as a key task that is thoroughly and drastically directed, KienlongBank has been deploying many integrated digital products on the basis of single digital products for development and application. AI technology to meet and support maximum customer needs such as MyShop - Paybox solution set, KienlongBank Pay payment solution...
At the same time, KienlongBank also strengthens the expansion of its cooperation network with many banking agent partners and e-commerce sites to further improve customer experience and establish a digital ecosystem, meeting the needs of diverse customer groups. KienlongBank expects to create a new standard of a comprehensive digital banking model, creating a new position of banking services in the eyes of customers.
Sacombank
Sacombank (code: STB) has just announced its business results for the fourth quarter of 2023, with pre-tax profit reaching nearly VND2,755 billion. Cumulatively for the whole year 2023, the Bank earned nearly VND9,600 billion in pre-tax profit, completing the target set for the past year.
Specifically, in the fourth quarter of 2023, Sacombank's net interest income reached VND5,633 billion, down 6.8% over the same period, and non-interest income also decreased by 40% compared to the same quarter last year, only bringing in VND1,075 billion.
Net profit from service activities this quarter and net profit from other business activities of Sacombank also decreased by 33.9% and 67.5%, respectively, bringing in only VND586 billion and VND201 billion. Net profit from foreign exchange trading was at more than VND296 billion, down 2.2% over the same period.
Sacombank's total operating income (TOI) in the last quarter of 2023 decreased by 14.4%, to VND6,708 billion, while operating expenses this quarter increased by 28.9%.
Sacombank's net profit from business activities decreased by 36.4%, to VND3,299 billion. But thanks to cutting more than 83% of risk provision costs, Sacombank still recorded a pre-tax profit of VND2,755 billion in the fourth quarter of 2023, an increase of 45.1% compared to the same quarter last year.
Cumulatively for the whole year 2023, Sacombank's total operating income will be flat, while total expenses will increase by 18%, causing net profit from business activities to decrease by 12.7%. But thanks to cutting nearly 59% of risk provision costs, this bank's pre-tax profit still increased by more than 51% to VND9,595 billion for the whole year 2023, completing the set target.
By the end of 2023, Sacombank's total assets reached nearly VND674,400 billion, an increase of 13.9% compared to the beginning of the year. Customer loans increased by 10.1%, to more than VND482,700 billion. Customer deposits increased by 12.3%, at more than VND510,700 billion. The bank's bad debt balance increased slightly in the fourth quarter of 2023, to VND10,984 billion, equivalent to a rate of 2.28%, while at the end of 2022, Sacombank's bad debt ratio was controlled below 1%.
However, in 2023, Sacombank will also be drastic in handling bad debt. Debt collection and settlement work has been drastically implemented. It is estimated that nearly VND7,000 billion of bad debts and outstanding assets have been successfully handled, bringing the total accumulated recovery to nearly VND95,000 billion. According to the bank's estimates, nearly VND7,000 billion bad debts and outstanding assets were successfully handled during the year, bringing the total accumulated recovery to nearly VND95,000 billion.
According to Sacombank's financial report, the number of debt securities issued by domestic economic organizations (mainly VAMC bonds) has decreased from VND21,514 billion to VND16,433 billion, corresponding to a decrease of more than VND4,000 billion compared to the end of the third quarter and decreased by more than VND5,000 billion compared to the beginning of 2022. Sacombank has made a provision of VND14,603 billion for this remaining amount.
Operational safety ratios and financial indicators are balanced between safety and efficiency goals: CAR ratio is estimated at 9.45%, LDR ratio is estimated at 83%, NIM ratio is estimated at 3.88 %, the ROA and ROE indicators are estimated at 1.21% and 18.03%, respectively, an increase of 0.3 and 4.2%. Sacombank has made a 100% provision for the entire remaining outstanding asset debt portfolio that has not been processed, thereby the bank said, approaching the completion of financial obligations under the Project.
SeABank
Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) announced its 2023 business results with many good growth indicators: demand deposit ratio (CASA) reached 11.5%, higher than previous years; Impressive net increase in outstanding debt and mobilization reached 16.76% and 25.35% respectively compared to 2022 while the bad debt ratio was controlled at 1.94%. The Bank's pre-tax profit reached more than VND4,616 billion.
In 2023, the world and domestic economic situation will have many changes. By flexibly shifting business direction, focusing on digital technology, prioritizing green credit development and opening new fee collection products, SeABank completed its 2023 business plan with many positive growth indicators.
By the end of December 31, 2023, SeABank's total assets reached VND266,107 billion, an increase of 15% compared to 2022; Charter capital is at VND24,957 billion, an increase of 22.32% over the same period, helping the Bank improve its capital capacity. Strong financial resources help SeABank focus on promoting digital technology and optimizing technology to bring customers convenient products and services with many positive experiences throughout the process of using financial services of the bank.
Diversifying products, improving service quality, cross-selling products as well as increasing technology application has helped increase the total number of transaction customers at SeABank to more than 3 million customers. In 2023, the Bank recorded more than 32.3 million transactions on digital platforms, an increase of 157% over the same period, and more than 71% of newly opened accounts registered online through eKYC. This demonstrates the Bank's efforts to attract new customers as well as maintain existing customer files, thereby helping deposit growth in 2023 to VND144,840 billion, an increase of nearly 125.4% compared to 2022, in which the proportion of demand deposits (CASA) continued to increase compared to previous years, reaching 11.5% of total deposits. Along with that, SeABank's total outstanding debt also reached nearly VND180,000 billion, an increase of more than 116% compared to 2022.
Accompanying corporate and individual customers during the recovery period of the economy, SeABank has implemented many preferential policies such as reducing interest rates, reducing fees to support businesses and individuals, and preferential loan packages for customers... In 2023, the total amount of reduced interest for existing customers will reach VND407.28 billion.
Facing many challenges, SeABank still ensures safety in its operations with the bad debt ratio controlled below 2% (1.94%) because the Bank is proactive in using resources to cover , controlling and recovering bad debt, Quick liquidity reserve ratio reached 20.2% and 30-day VND solvency ratio reached 67.56%.
These efforts have brought SeABank more than VND4,616 billion in pre-tax profit, completing the 2023 business plan, corresponding to a return on equity ratio (ROE) of 13.03%.
2023 is also a year with many milestones for SeABank when it is honored with many major awards domestically as well as internationally, typically: Top 1000 Strongest Banks in the World (Top 1000 World Bank); Top 100 Sustainable Enterprises in Vietnam; Top 100 Most Valuable Brands in Vietnam 2023; Best places to work in Asia 2023…
In addition, SeABank continues to be rated Ba3 by Moody's for the categories of Issuers and Long-term Domestic and Foreign Currency Deposits, while maintaining the Base Credit Assessment (BCA) rating of SeABank at level B1. Moody's affirming SeABank's rating with a Stable outlook reflects this organization's expectation of the Bank's high and improving capital adequacy level.
Taking the principle of Community as one of its core values, in 2023 SeABank will continue to carry out many practical and meaningful social security activities with a total budget of more than VND39.2 billion such as donating 700 houses. for the poor in Ha Tinh, Nghe An, Dien Bien; Awarded 10 lifelong high school scholarships worth more than 1 billion VND to poor students in Quang Nam, Binh Phuoc, Nam Dinh, Ho Chi Minh City, Bac Giang; Awarding monthly Study Encouragement Scholarships to nearly 150 students sponsored by the Dream Incubation Fund; Donating and planting nearly 31,000 forest trees to the Forest Protection and Development Fund of Dak Lak province and the Protection Forest Management Board of Nhu Thanh district, Thanh Hoa province; Deploying annual charity activities Spring of Love, SeABankers For Children, National Citizens Week...
Nam A Bank
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.
N.Nga
Source: VITIC/Tinnhanhchungkhoan