On the morning of 20/3, Nam A Bank held its annual general meeting of shareholders 2026, approving the establishment of a wholly domestic-owned subsidiary bank, which will operate at the Ho Chi Minh City International Financial Center (VIFC).

According to the bank's leadership, this plan aims to implement a long-term development strategy and expand international financial activities. Previously, the bank became a strategic investor in the Ho Chi Minh City International Financial Center.

Tran Khai Hoan, the bank's Acting General Director, stated: "Nam A Bank's presence at VIFC is also a crucial link in the bank's financial ecosystem, where green capital flows are prioritized for circulation."

Tran Khai Hoan, Acting General Director of Nam A Bank, speaking at the general meeting on the morning of 20/3. *Photo: Nam A Bank*

Shareholders also approved the Board of Directors for the 2026-2031 term, comprising seven members, including five incumbent leaders. The remaining two candidates currently do not hold positions at the bank.

The new Board of Directors includes: Tran Ngo Phuc Vu - Chairman of the Board; Tran Ngoc Tam - Permanent Vice Chairman; Vo Thi Tuyet Nga - Vice Chairwoman; along with members: Tran Khai Hoan, Nguyen Duc Minh Tri, Ngo Thi Hong Van, and Pham Cong Tuan Ha.

This year, the bank aims for a consolidated pre-tax profit of 6,200 billion dong, an 18% increase compared to 2025. Total assets are projected to reach 480,000 billion dong, a 15% increase.

Capital mobilization from individuals, economic organizations, and valuable papers for the entire year is targeted to reach 280,000 billion dong, a 33% increase. The non-performing loan ratio will be maintained below 2.5%. Outstanding loans to individual customers and economic organizations are expected to reach 240,000 billion dong, a 21% increase, depending on the approved credit limit.

As of the end of Q1, the bank's leadership stated there was still a credit room of 1,300 billion dong out of a total limit of 5,000 billion dong granted by the State Bank of Vietnam.

Nam A Bank's general meeting also approved a plan to increase its charter capital for 2026 by a maximum of 5,430 billion dong. This is expected to be implemented in Q2 and Q3 this year, through three methods.

Specifically, the bank plans to issue an additional 343,1 million shares from owner's equity, representing a 20% ratio, which will increase charter capital by over 3,431 billion dong.

Under the employee stock ownership plan (ESOP), Nam A Bank expects to issue 100 million shares, increasing charter capital by an additional 1,000 billion dong.

For the private placement option, the bank plans to issue 100 million shares, valued at 1,000 billion dong (at par value), to strengthen its financial capacity and supplement capital for business operations.

Quynh Trang