AsemconnectVietnam - The State Bank has just decided to amend the charter capital content in the Establishment and Operation License of the National Commercial Joint Stock Bank (NCB - stock code NVB).

Accordingly, NCB's charter capital was officially adjusted to increase from more than VND5,600 billion to nearly VND11,800 billion, after successfully issuing more than 617 million shares in the offering to domestic investors, with a par value of VND 10,000/share, raising more than VND6,178 billion. The issuance ended on November 26.
The completion of the charter capital increase according to the roadmap set out at the 2024 Annual General Meeting of Shareholders in the context of a challenging economy and the Bank's restructuring has demonstrated the high determination and determination of the Board of Directors and the entire NCB team, in order to realize the commitments to shareholders, investors, customers and partners. At the same time, it shows that NCB's competitiveness and execution capacity have been enhanced, ready for high and breakthrough goals in the development journey. With this capital increase, NCB will have more resources to serve business activities; technology and digital transformation; building brand identity and renovating and upgrading facilities. This is not only the foundation for NCB to restructure smoothly according to the Bank Restructuring Plan (PACCL) with a vision to 2030 approved by the State Bank and competent authorities, but also the necessary resource for the bank to continue implementing the new Strategy being deployed with the world's leading strategic consulting unit.
Accordingly, in the process of restructuring the bank that is being implemented by NCB in a methodical, urgent, and comprehensive manner according to the overall solution and clear roadmap that has been approved, NCB aims to complete the handling of outstanding assets and complete PACCL by 2029, making NCB one of the prestigious, healthy, and effective banks, aiming to become a favorite bank in the market.
NCB said that the Bank has also promoted comprehensive transformation according to a new strategy since the beginning of 2024, with a long-term vision of bringing new experiences in the banking sector through innovative thinking, creativity, pioneering the development of products and services on advanced technology platforms, aiming to become a socially responsible bank, contributing to the sustainable development of the community that NCB serves. According to the roadmap, NCB will continue to increase capital and it is expected that NCB's charter capital will reach more than VND29,000 billion by 2028. It is known that 2024 is the year marking NCB's rise with a series of impressive results: Being the first credit institution to complete the construction and approval of PACCL according to the "Project on restructuring the system of credit institutions associated with bad debt settlement in the period 2021-2025" according to Decision 689/QD-TTg of the Prime Minister and guidance of the State Bank; continuously invest in infrastructure and technology solutions to materialize many initiatives, implement highly complex digital transformation projects, sign cooperation agreements to deploy a series of solutions such as: Cloud Computing infrastructure solutions and Data Lake data platform on Google Cloud platform, Customer Relationship Management (CRM) platform, Artificial Intelligence and Machine Learning (AI/ML) platform, Decision Engine project... with leading technology partners in the world as well as in the country to apply faster, more effectively new solutions, new models and new technologies; is the first bank to deploy the feature of opening bank payment accounts from the VNeID electronic identification application of the Ministry of Public Security, helping people have more simple, safe and convenient options in opening accounts and using banking services, promoting cashless payments and digital transformation according to the Government's policy. NCB has also become a "new meeting place" for banking talents with a dedicated, talented and capable senior leadership team and highly competitive human resource policies, constantly innovating to create a happy working environment, being honored for two consecutive years as "Best Companies to Work for in Asia" 2023 - 2024. As of September 30, 2024, NCB has reached a customer base of more than 1.24 million customers, equal to 160% of the annual plan and a growth of 24.22% compared to the end of 2023. NCB's total assets as of September 30, 2024 increased by 13.1% compared to December 31, 2023, from more than VND96,200 billion to nearly VND108,900 billion. Thus, compared to the target approved by the 2024 Annual General Meeting of Shareholders last April, NCB has completed 100% of the customer lending plan and exceeded the yearly plan in terms of total assets and capital mobilization.
N.Nga
Source: VITIC/Tinnhanhchungkhoan