The capital increase helps NCB progress towards early completion of its restructuring plan and implement its new strategy to become a modern digital bank in Vietnam. This also demonstrates NCB's commitment to completing the 2023-2025 phase of its restructuring plan ahead of schedule, aligning with its approved vision for 2030.
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Customers receive financial advice from NCB. Photo: NCB |
Customers receive financial advice from NCB. Photo: NCB
This is NCB's third capital increase in four consecutive years (2022-2025). From a small bank with modest resources, NCB has consistently increased its capital, surpassing some larger banks in terms of chartered capital. This demonstrates NCB's enhanced financial capacity for safe and sustainable operations, and reflects investor confidence in the bank's strategy and future.
This capital increase also marks four years of NCB's significant transformation journey. The bank has rebuilt itself with an experienced new management team, significantly improving its management capacity and developing an effective operating strategy. In the first two years of this transformation, NCB was recognized as having one of the most experienced senior management teams in the financial and banking market, receiving the HRAA "Best Companies to Work for in Asia" award for two consecutive years, 2023 and 2024.
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NCB's financial advisors. Photo: NCB |
NCB's financial advisors. Photo: NCB
Over the past four years, NCB has also continuously invested in infrastructure and technology solutions to enhance its digital capabilities. Numerous technology projects have been rapidly implemented, strengthening data protection against potential incidents and enhancing information system security.
With technology support, NCB has improved its product and service solutions and customer experience. The bank has gained increasing trust, reflected in continuous growth in customer numbers and business. NCB also relocated its headquarters to a central location in Hanoi to optimize its network and upgrade facilities for customer convenience.
These positive changes have led to significant growth in NCB's brand recognition, according to Mibrand Vietnam. "With enhanced financial capacity, we are committed to continuous improvement to create a difference in this era of national development," an NCB representative said.
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NCB representative receives the "Best Companies to Work for in Asia" award in 2024. Photo: NCB |
NCB representative receives the "Best Companies to Work for in Asia" award in 2024. Photo: NCB
In 6/2024, NCB was the first credit institution to complete and have its restructuring plan approved, with advice from E&Y and KPMG – two of the four leading global consulting firms in bank restructuring.
Thanks to the comprehensive implementation of solutions outlined in the restructuring plan, six months later, NCB achieved positive results: recovery of non-performing assets reached 130% of the plan’s target, completing provisions and divesting accrued interest immediately after increasing chartered capital to nearly 11,800 billion VND in 12/2024.
Along with implementing the restructuring plan, NCB has developed and actively implemented a new strategy to become the best financial service provider for affluent customers. NCB is also developing products and services on a state-of-the-art technology platform.
In 2025, with numerous improvements in products, services, and processes, along with a determination to innovate its business, NCB experienced significant growth in the first six months. Profit after tax reached over 462 billion VND, up from 6 billion VND in the same period last year. Total assets as of 30/6 reached over 144,054 billion VND, exceeding the full-year plan of 135,500 billion VND.
Thanh Thu
