AsemconnectVietnam - The State Bank has just issued a document approving the National Citizen Commercial Joint Stock Bank (NCB) to increase its charter capital by an additional VND7,500 billion in the form of issuing individual shares to professional securities investors.

The plan to increase charter capital was approved by NCB's 2025 Annual General Meeting of Shareholders at the end of March 2025 and implemented by NCB's Board of Directors in accordance with regulations.
Accordingly, NCB will issue 750 million individual shares at an offering price of no less than VND10,000/share, aiming to increase charter capital by a maximum of VND7,500 billion. After the successful issuance, NCB's charter capital will increase from the current VND11,780 billion to VND19,280 billion.
According to NCB's plan, the entire amount of about VND 7,500 billion collected from the offering will be used to supplement capital for credit activities for corporate and individual customers serving production, business and consumption, contributing to promoting credit growth of the banking system, providing capital for the economy in accordance with the goals set by the Government. At the same time, improving financial capacity to implement NCB's dual goals, accelerating and strengthening the restructuring of the bank in parallel with comprehensive transformation according to the new strategy "Digital Wealth" - a combination of asset management and digital mixed services. The bank plans to implement the plan to offer shares to increase charter capital from the second to fourth quarter of 2025. After the successful offering, this is the third capital increase in 4 consecutive years (2022 - 2025) of NCB. Previously, on November 26, 2024, NCB completed the issuance of 617.8 million private shares to increase its charter capital to VND11,780 billion, strongly supplementing resources for breakthroughs in digital transformation, investment in facilities and business operations of the bank.
According to the NCB leadership, in addition to the goal of improving competitiveness, promoting business and implementing the bank's new strategy, the increase in charter capital also demonstrates NCB's determination to increase competitiveness and resilience to market fluctuations, improve the safety level in the bank's operations as well as NCB's sustainable development ability, meeting new development goals in the coming period.
In recent times, NCB has undergone a comprehensive transformation with many outstanding results: For two consecutive years, it has been honored by HRAA as "Best Workplace in Asia"; Being the first bank to allow opening payment accounts from the VNeID application, contributing to the national digital transformation process and bringing a convenient and superior banking experience to the community; Deploying the new version of the Credit Origination and Issuance System (RLOS), allowing customers to consult anytime, anywhere and approve loans within 5 minutes, helping customers easily access capital quickly and effectively...
Entering the first quarter of 2025, NCB continued to record positive business results, with pre-tax profit reaching more than VND151 billion, a remarkable growth compared to the same period in 2024; total mobilized capital (including customer deposits and issuance of valuable papers) increased by 6.8%; Total customer loans increased by 9.65% compared to the end of 2024. Total assets as of March 31, 2025 reached nearly VND131,000 billion, up 10.5% compared to December 31, 2024. In 2025, NCB set a business plan for the whole year with total assets reaching VND135,500 billion, customer mobilization reaching VND118,500 billion, growth of 14.6% and 23.2% respectively compared to 2024; customer loans increased by 35% to over VND96,000 billion. NCB also set a profit target before the restructuring plan of VND59 billion and committed to using all profits to implement the approved PACCL. In addition, the bank also aims to increase its customer base by 424,000 customers compared to 2024.
N.Nga
Source: VITIC/Tinnhanhchungkhoan