AsemconnectVietnam - The State Bank of Vietnam has just approved Nam A Bank (code: NAB) to increase its charter capital by a maximum of nearly VND4,300 billion through the issuance of shares to existing shareholders and ESOP. Nam A Bank's charter capital is expected to increase to over VND18,000 billion.

Specifically, Nam A Bank has been approved by the State Bank of Vietnam to increase its charter capital by a maximum of more than VND4,281 billion in the form of issuing shares to existing shareholders and issuing ESOP. The above issuance plan was previously approved by Nam A Bank's General Meeting of Shareholders. Accordingly, Nam A Bank plans to issue more than 343.1 million shares to existing shareholders, equivalent to a rate of 25%, increasing its charter capital by nearly VND3,431 billion. Along with that, Nam A Bank also issued 85 million bonus shares to employees, helping to increase its charter capital by VND850 billion.
Nam A Bank said that bonus shares for existing shareholders are not subject to transfer restrictions, while shares for employees are subject to transfer restrictions within one year from the end of the issuance. ESOP shares will be subject to 100% transfer restrictions within one year and 50% in the following year from the end of the offering. In total, after completing the above two components, Nam A Bank's charter capital will increase from VND13,726 billion (currently) to more than VND18,000 billion, equivalent to a capital increase rate of 31.1%.
Nam A Bank has just announced its business results for the first quarter of 2025 with pre-tax profit reaching VND1,214 billion, an increase of 21.52% over the same period last year. As of March 31, total bank assets reached nearly VND263,000 billion, up more than 7% compared to the beginning of 2025. Outstanding credit reached nearly VND178,000 billion, up 6% compared to the beginning of the year. Capital mobilization reached nearly VND 204,000 billion, up nearly 14% compared to the beginning of 2024. In terms of asset quality, the bad debt ratio (group 3-5) was at 2.23%; the bad debt coverage ratio was nearly 54%. In addition, operating expenses over total operating income (CIR) in the first quarter decreased to 36% (down 8.1% compared to the end of 2024). Capital adequacy ratio (CAR) was at 11.6%, ensuring safety according to Basel III standards.
N.Nga
Source: VITIC/Tinnhanhchungkhoan