AsemconnectVietnam - On March 28, Nam A Commercial Joint Stock Bank (Nam A Bank, code NAB - HOSE) successfully held the 2025 Annual General Meeting of Shareholders (AGM).

The annual profit target is VND5,000 billion, in 2 months alone it reaches VND900 billion
Nam A Bank's Board of Directors (BOD) directs its operations in 2025 to focus on restructuring the system and organization, closely linking and harmonizing the three factors of "strategy - mechanism - people", striving to excellently complete the 2025 business plan.
Regarding the key business targets in 2025, the General Meeting also approved. Specifically: The target of consolidated pre-tax profit is VND5,000 billion. Total assets reached VND270,000 billion, capital mobilization from individuals, economic organizations and issuance of valuable papers reached VND209,000 billion. Outstanding loans to individuals and economic organizations reached VND194,000 billion, ensuring safety ratios in accordance with regulations.
In the first months of 2025, Nam A Bank maintained good growth momentum. For the first time, this Bank had a total asset size exceeding USD10 billion, reaching VND266,000 billion, an increase of VND20,700 billion, equivalent to 8.5% compared to the end of 2024. Other business indicators also had impressive growth, specifically: Total capital mobilized from economic organizations and residents reached more than VND201,000 billion, an increase of VND22,700 billion (equivalent to 13% compared to the end of 2024).
Meanwhile, outstanding loans reached nearly VND175,000 billion (up nearly 4% compared to the end of 2024); investment in valuable papers reached nearly VND27,400 billion (up 31% compared to the end of 2024). Profit in the first 2 months of this year reached more than VND900 billion (up 30% compared to the same period in 2024 and reaching 18% of the 2025 plan - this year's plan is VND5,000 billion).
To effectively implement the business strategy and complete the plans approved by the 2025 Annual General Meeting of Shareholders, Nam A Bank has created important stepping stones, in which, the stable growth of business results in 2024 opens up many positive prospects. According to the independently audited financial report in 2024, Nam A Bank's pre-tax profit in 2024 reached VND4,545 billion (equivalent to an increase of 37.6% compared to 2023).
Other important indicators include: Total assets reached more than VND245,000 billion, an increase of nearly 16.8% compared to the end of 2023; Capital mobilization reached nearly VND179,000 billion, an increase of more than 9% compared to the end of 2023; Credit activities reached nearly VND168,000 billion, an increase of 18.34% compared to the beginning of the year. In addition, credit quality is always strictly controlled, ensuring compliance with the regulations of the State Bank.
Dividend payment of 25%, issuance of ESOP shares and VND2,000 billion in convertible bonds
Regarding the increase in charter capital, the 2025 Annual General Meeting of Shareholders has agreed to increase by more than VND4,281 billion, raising the charter capital from more than VND13,725 billion to more than VND18,000 billion. This capital increase is implemented through the issuance of shares from equity capital and issuance of shares under Nam A Bank's employee stock option program (ESOP).
Accordingly, the Bank will pay dividends at a rate of 25% by issuing more than 343.1 million shares, contributing to increasing Nam A Bank's charter capital by more than VND3,431 billion. Regarding ESOP, Nam A Bank will issue 85 million shares, increasing the charter capital by VND850 billion, the issuer is the Bank's staff.
The above capital increase aims to implement Nam A Bank's strategic development orientation to 2025, with a vision to 2030. At the same time, it enhances financial capacity to meet the requirements of business development and risk management, linking the interests of employees with the bank's operating results.
The 2025 Annual General Meeting of Shareholders also agreed on the plan to issue individual convertible bonds of up to VND2,000 billion (or equivalent foreign currency value), the issuance volume is 20,000 bonds, the maximum bond term is 5 years, the type of convertible bonds, the domestic or international offering market, authorizing the Board of Directors to choose the issuance market. This activity aims to increase the scale of operating capital, supplement medium and long-term capital to serve credit needs as well as attract domestic and foreign investors.
Speaking at the General Meeting of Shareholders, Mr. Tran Ngoc Tam, Standing Vice Chairman of the Board of Directors of Nam A Bank, said that paying dividends in shares and issuing ESOP shares to increase capital is necessary to improve Nam A Bank's financial capacity as well as competitiveness in the market. Nam A Bank's NAB shares have been listed on the stock exchange, demonstrating the transparency and enhancing the bank's operations.
In the past time, NAB shares have also created liquidity in the market and attracted investors' attention. Therefore, with the plan to pay 25% dividend in shares to increase charter capital this year of Nam A Bank to improve competitiveness, expand business activities... when capital potential is increased to a higher level.
This year, Nam A Bank continues to develop its business network to the international market, aiming to expand its operating market, diversify its customer base using financial products and services and attract investment capital and foreign currency from abroad, continuing to affirm the brand reputation, management capacity and financial potential of the Bank.
In addition, implementing the policy of the Government and the State Bank, the 2025 Annual General Meeting of Shareholders also agreed on the policy of participating in restructuring the People's Credit Fund, authorizing the Board of Directors to select and decide on the plan to submit to the State Bank for consideration and approval. At the same time, shareholders also agreed to approve the proposals such as: capital contribution, share purchase; listing of bonds issued to the public...
On the stock market, MarketVector Indexes added NAB shares to the portfolio of MarketVector Vietnam Local Index - the reference index of the VanEck Vector Vietnam ETF (VNM ETF) fund in the review period of the first quarter of 2025. Previously, in the restructuring period of the third quarter of 2024, NAB was also included in the investment portfolio of Fubon FTSE Vietnam ETF. In addition to these two funds, there are currently ETF funds from Singapore, Taiwan, Hong Kong, the US and domestic ETF funds such as DCVFMVN Mid Cap ETF, VinaCapital VN 100 ETP... investing in NAB shares.
Regarding attracting capital from foreign financial institutions, Nam A Bank fully meets international standards (Basel III risk standards, IFRS international financial reports, Fitch Ratings, Moody's Ratings, ESG, Sustainable Development Report, etc.). This year, Nam A Bank plans to continue attracting 200 million USD from foreign financial institutions and has completed working with the parties.
N.Nga
Source: VITIC/Tinnhanhchungkhoan