On 2/4, National Citizen Bank (NCB) held its 2026 annual general shareholders' meeting. Ms. Bui Thi Thanh Huong, chairperson of NCB, stated that the bank is implementing various solutions, yielding restructuring results ahead of schedule. "We are a rare case capable of completing restructuring early, while some other banks have requested extensions for this process", Huong said.

According to her, NCB could achieve its capital targets two years early. In January, the State Bank of Vietnam approved for the bank issuing one billion private placement shares to professional investors.

With an offering price of 10,000 dong per share, the bank expects to raise 10,000 billion dong. If the transaction is successful, NCB's charter capital will reach 29,280 billion dong this year.

"The fact that investors are willing to inject capital into NCB, with a share price of 10,000 dong, which is higher than its book value, indicates their confidence in the bank's future", Huong said, adding that the bank will continue to increase capital in subsequent years.

Ms. Bui Thi Thanh Huong, chairperson of NCB, speaking at the annual meeting on 2/4. *Photo: NCB*

Positive business results also help the bank complete its restructuring early. Last year, NCB reported after-tax profit of 947 billion dong, exceeding its plan by 59 billion dong. However, the bank used all of this profit for reconstruction efforts.

This year, the bank aims for a profit of over 1,400 billion dong, an increase of nearly 50% compared to 2025 performance. Additionally, the State Bank of Vietnam assigned NCB a credit growth target of over 35%. This target extends throughout the 2023-2030 period.

Adding further, Mr. Ta Kieu Hung, general director, stated that NCB aims for 35% credit growth, but in a secure, non-widespread manner. The bank strives to meet this target within nine months, similar to last year.

Hung also shared that over the past two years, NCB has handled non-performing loans and legacy assets, exceeding its plan by 112%. However, the general director of NCB acknowledged that the debt resolution process remains challenging, especially concerning legal factors and the attractiveness of assets to investors.

According to the plan approved in 2024, NCB's mission is to resolve legacy non-performing loans and clean up its balance sheet. The bank was assigned a capital increase target to 29,000 billion dong by 2028, from over 4,000 billion dong in 2021. Furthermore, instead of distributing dividends, NCB committed to using all profits to make risk provisions.

Trong Hieu