AsemconnectVietnam - In the first 6 months of 2025, Nam A Commercial Joint Stock Bank (Nam A Bank, code NAB - HOSE) recorded pre-tax profit of over VND2,500 billion, up 14% over the same period last year.

This positive result of Nam A Bank comes from strong credit growth. In addition, profits from trading and investing in valuable papers also recorded impressive growth, contributing significantly to the total operating income of the Bank during the period.
Nam A Bank's total assets reached nearly VND315,000 billion by the end of June 2025, an increase of more than 30% compared to the beginning of the year and marking a strong step forward in the scale of operations of this bank in more than 32 years of operation. Outstanding credit reached nearly VND193,000 billion, up 14.7% compared to the beginning of the year, mobilized from economic organizations and residents reached nearly VND211,000 billion, up more than 22% compared to the beginning of the year.
In the context of strong credit growth in the whole industry (nearly 9.9% in the first 6 months of the year), Nam A Bank proactively promoted mobilization from the beginning of 2025 to ensure a balance of sources - use of sources, while maintaining stable liquidity to serve the increasing credit demand.
Nam A Bank's promotion of credit growth in the first 6 months of the year is to serve the capital needs of customers. In the context of the Government prioritizing the promotion of recovery and development of production - business, the bank has proactively expanded credit to priority areas, contributing to effectively spreading capital flows in the economy.
Since the beginning of 2025, Nam A Bank has continuously expanded its cooperation and successfully mobilized many international capital sources from leading prestigious financial institutions such as: Global Climate Partnership Fund (GCPF), The Bank of New York Mellon, The Shanghai Commercial & Savings Bank (SCSB), Symbiotics Investment SA... These capital sources play an important role in the green credit growth strategy, supporting small and medium enterprises, while enhancing Nam A Bank's commitment to sustainable development and ESG standards.
Nam A Bank proactively seeks profits from the secondary market, especially the interbank market and invests in government bonds, to diversify revenue sources and reduce dependence on interest income. The bank is actively participating in activities such as buying and selling bonds, investing in other financial instruments and expanding operations in the interbank market to optimize profits.
Net profit from valuable paper trading in the first 6 months of the year increased by nearly 50% compared to the same period in 2024. Foreign exchange trading also had positive profit growth compared to the same period in 2024. Nam A Bank's non-interest income ratio reached 15.5% in the first 6 months of 2025, a sharp increase compared to 8.43% in the same period in 2024, showing a significant improvement in the structure of revenue sources and the orientation of diversifying the bank's business activities.
The above results have contributed to helping Nam A Bank maintain a stable growth rate in recent years. In which, ROE maintained at nearly 20%, ROA reached 1.5%.
Asset quality is gradually improving, as group 2 debt (before CIC) has decreased significantly from 1.47% at the beginning of 2025 to 0.62%, while the bad debt ratio (from group 3 to group 5) is at 2.63%. In addition, the bank is striving to set a roadmap to increase the credit risk provisioning level in the coming time to gradually improve the bad debt coverage ratio, helping to increase the safety buffer for bad debt handling, as well as increase the sustainability of the bank, thereby expecting to improve the international credit rating results in the future.
The bank's operating expenses to total operating income (CIR) as of June 30, 2025 decreased to 32.2% (down 7.6% over the same period), at the lowest level in many years. Maintaining asset quality and strictly controlling bad debt are the foundations for Nam A Bank to develop, especially when the bank implements its strategy of expanding its scale and network.
Nam A Bank continues to maintain a prudent management policy in lending, liquidity and capital safety. As of the end of June 2025, the loan-to-deposit ratio (LDR) was controlled at 67.17%, reflecting the strategy of balancing resources - using resources reasonably in the context of strong credit growth. The ratio of short-term capital used for medium and long-term loans decreased from 22.33% to 21.94%, showing an improvement in the quality of the capital term structure.
The bank also maintains a high level of liquidity reserves, with a reserve ratio of 22.7%, double the minimum level prescribed by the State Bank. In addition, the 30-day solvency ratio for VND increased from 87.83% to 104.57%, showing that Nam A Bank's short-term liquidity continues to be firmly consolidated.
Fitch Ratings – one of the three leading credit rating organizations in the world – has announced the Long-Term Issuer Default Rating (IDR) of Nam A Bank at “B+” with a stable outlook. At the same time, Moody’s also maintained the B1 credit rating for Nam A Bank, while maintaining a stable outlook, reflecting a positive assessment of the bank’s financial capacity, capital adequacy and adaptability to the business environment.
The fact that both prestigious international rating organizations maintain a stable assessment shows that Nam A Bank is controlling credit risks well, maintaining healthy liquidity and has a sustainable development orientation in the medium and long term.
N.Nga
Source: VITIC/Tinnhanhchungkhoan