AsemconnectVietnam - Nam A Bank (code NAB - HOSE) has just successfully organized an online meeting with investors in the third quarter of 2024, attracting a large number of investors, funds, and domestic and foreign securities companies to participate.

The meeting program provides a panoramic view of the market, especially the banking industry. At the same time, it helps investors grasp an overview of Nam A Bank's business activities and strategic orientation in the coming period.
On this occasion, Nam A Bank representatives answered many important information that investors are particularly interested in. These are information about Nam A Bank's business results, prospects and credit growth orientation; risk management strategy; "Green Bank - Digital Bank" strategy; developing the 365+ ONEBANK by Nam A Bank automatic transaction point network; positioning the bank and development orientation for the next 3 - 5 years...
Many stable growth targets
NAB has achieved many growth targets in core business activities in 2024.
As of August 2024, NAB's accumulated pre-tax profit reached more than 75% of the plan assigned by the Board of Directors in 2024. The ROE ratio up to now reached 21.46%, ROA was 1.65%, showing that the Bank not only grew in scale but also achieved high profitability.
NAB's NIM ratio continued to improve to 3.8% (compared to 3.6% at the end of the second quarter). The Bank expects NIM from now until the end of 2024 to remain in the range of 3.5 - 3.8% with interest rates remaining low to support individuals and businesses in the context of many economic difficulties
Regarding operating costs (CIR), it is currently around 38% - a relatively optimal level. According to NAB representative, the Bank aims to be in the group of 7-10 banks with the best salaries and benefits in Vietnam to attract talent along with expanding the network, branches and ONEBANK transaction points nationwide. NAB continues to invest heavily in technology to increase the technology content in products and services. Therefore, in this period, CIR is targeted at around 40-45% to create a premise for the bank to continue growing in the coming years.
Regarding risk management, NAB's bad debt ratio (NPL) is around the end of the second quarter of 2024. The Bank's leaders said that NAB aims to reduce this ratio to 2% and may increase the provisioning by VND300 - 500 billion to increase the debt coverage ratio (LLCR) to 55 - 60%.
NAB's loan portfolio has shifted strategically by focusing on priority industries such as agriculture, forestry, and fisheries (accounting for nearly 6% of the total portfolio at the end of the second quarter of 2024) and smart transport transformation loans.
In the long term, the bank follows the value chain model of industries and determines to expand this model to strategic industries including agriculture, forestry, fisheries, education, healthcare, and resorts. For example, with the tea industry, the bank will participate throughout the stages: from seedlings, farming households to purchasing, processing, sales, and export enterprises.
Orientation to become a leading “green and digital” bank
NAB has been affirming its pioneering role in the field of digitalization and green banking with the launch and development of the ONEBANK model - a comprehensive and automated digital financial ecosystem.
Since its implementation, ONEBANK has grown rapidly at a rate of more than 40% per quarter, attracting more than 143,000 new customers as of September 2024. The total number of transactions at ONEBANK reached nearly 1.7 million, significantly contributing to NAB's development in the digital banking sector.
ONEBANK has helped NAB expand its customer network and mobilize capital effectively. The total capital mobilized from ONEBANK accounts for nearly VND 10,000 billion (accounting for 6% of total mobilization). With a plan to strongly expand its network, NAB plans to increase the total number of ONEBANK transaction points to 130 by the end of 2024, aiming to provide more convenient and modern digital financial services to individual and corporate customers across the country.
In addition, NAB continues to lead in the field of green credit. The bank has deployed a green credit value chain with a focus on the agriculture, aquaculture and renewable energy sectors. The bank aims to increase the proportion of green credit to 20 - 25% (2 - 3 times the current proportion).
The value chain in the aquaculture industry is a typical example of the success of this strategy. Including activities from breeding, farming, processing, to export, all are carried out according to international green standards. This not only contributes to environmental protection but also creates long-term economic values for NAB and customers.
Improving market position, seeking strategic investors
NAB continues to expand and improve its position in the financial market with the goal of attracting more international strategic investors. Notably, NAB's foreign room is still quite low, creating room for expanding strategic capital sales. This not only helps NAB attract more capital to strengthen its financial strength but also expands its international cooperation network. Thereby helping this Bank improve its competitiveness in the global market.
With a comprehensive "green - digital" strategy, Nam A Bank has gradually expanded its market internationally. The Bank not only aims to increase profits but also continues to affirm its potential for sustainable development, attract strategic investors and increase shareholder value.
Regular investor meetings are one of the important activities to provide objective and complete information to customers. In the coming time, NAB is expected to continue to implement many activities to promote connectivity, provide information quickly and transparently to ensure benefits for domestic and foreign investors.
N.Nga
Source: VITIC/Tinnhanhchungkhoan