AsemconnectVietnam - At the end of 2024, the business results of Nam A Commercial Joint Stock Bank (Nam A Bank, code NAB - HOSE) recorded growth in operating scale, increased asset quality, and effective mobilization and credit balance indicators...

Although the macro economy still faces many challenges, the Bank has maintained the above results thanks to its correct business strategy, flexible adaptation and strict risk management system.
Credit increased by 18.34%, profit exceeded the target by 13.6%
In 2024, Nam A Bank's total assets reached more than VND245,000 billion, an increase of nearly 16.8% over the same period in 2023; Capital mobilization reached nearly VND179,000 billion, an increase of more than 9% over the same period in 2023.
In 2024, Nam A Bank's credit activities reached nearly VND168,000 billion, an increase of 18.34% compared to the beginning of the year. The growth of these indicators contributed to Nam A Bank's pre-tax profit in 2024 reaching more than VND4,545 billion (exceeding the assigned target by 13.6% and growing by nearly 38%).
The ROE (return on equity) ratio remained at 20%, ROA was 1.5%, showing that the Bank not only grew in scale and achieved profitability but also improved the quality of operations.
Controlling bad debt at 2.1%
By the end of December 31, 2024, Nam A Bank's bad debt was at 2.1%, the Bank also increased its provisions to cover bad debt to 60%. The consolidated capital adequacy ratio (CAR) reached 12.46% (the minimum level prescribed by the SBV is 8%).
Last year, the SBV adjusted the credit growth target for credit institutions (CIs) twice according to specific principles, ensuring publicity and transparency. In addition, the SBV required CIs to strictly implement instructions on monetary and credit activities, regulations on credit granting to improve business efficiency, ensure system safety and stabilize the monetary market; safe, effective and healthy credit growth, limit the increase and occurrence of bad debts, and ensure the safety of CIs' operations.
Together with joint stock commercial banks to promptly implement the above policies, Nam A Bank proactively reviewed and adjusted credit policies, ensuring compliance with market developments and minimizing potential risks. Liquidity indicators are always kept at a safe level with the LDR ratio (loan to deposit) reaching 80.64%, while the ratio of short-term capital to medium and long-term loans remains at around 21.41%.
Nam A Bank's risk management system is continuously upgraded according to international standards on Basel II and Basel III, Basel Reform... Also in 2024, Nam A Bank has completed financial reporting according to international standards (IFRS).
From 2020, Nam A Bank has strongly transformed digitally as well as expanded its scale of operations across provinces and cities across the country. In 2024 alone, Nam A Bank will open and put into operation 05 more branches, 03 new transaction offices and expand the ONEBANK digital transaction point to 14 points.
N.Nga
Source: VITIC/Tinnhanhchungkhoan