This is the only stock approved by HoSE to be listed in 2023 in the banking industry, one of the industries with the largest capitalization scale on the market today. Thus, along with NAB, there are currently 18 banks listed on the largest stock exchange in Vietnam.
On the day of listing, the reference price of NAB shares was VND15,900/share with a trading range of +/- 20% compared to the reference price. With more than 1 billion shares listed, the corresponding market capitalization value when listed reached nearly VND17,000 billion. Closing the last trading session of NAB on February 29 on UPCoM before moving to HoSE, the market price of Nam A Bank shares reached VND16,500/share.
After only 30 minutes of trading, NAB stock price was trading at 17,000 VND/share, up nearly 7% compared to the reference price.
HoSE, as the largest and most developed exchange in Vietnam, the listing of public companies in general and NAB in particular is a necessary step in the development process. Thereby, it contributes significantly to increasing the capitalization and liquidity of the market, bringing attractiveness and potential opportunities to large domestic and international investors. Besides, it will also create favorable conditions for attracting investment capital and expanding business activities, increasing shareholder value and sustainable development of the Bank.
Nam A Bank representative said: “With more than 1 billion NAB shares officially traded on HoSE, it will open up opportunities to access potential investors, capital sources... creating strong momentum for Nam A Bank's growth in the coming time. The bank will continue to implement many important strategies with two main pillars: green banking and digital banking to ensure business goals, bringing greater value to shareholders, customers and partners”.
According to the 2023 business results report, the Bank's pre-tax profit reached more than VND 3,300 billion, an increase of 50% over the same period in 2022, entering the top 12 banks with the best growth. The bad debt ratio is strictly controlled according to the regulations of the State Bank. In addition, total assets reached more than VND 210,000 billion, an increase of more than 18% compared to the beginning of the year, joining the group of 20 banks with the largest total assets in the system. Other important indicators include: capital mobilization reached nearly VND 164,000 billion, an increase of nearly 19.3% compared to the beginning of the year, outstanding loans reached nearly VND 142,000 billion, an increase of more than 16.3% compared to the beginning of the year.
Nam A Bank aims to have total assets of VND 232,000 billion by 2024 (VND 260,000 billion by 2025), mobilize VND 178,000 billion (VND 202,000 billion by 2025), and lend VND 181,000 billion to customers. In particular, it focuses on supporting 5 priority industries according to the direction of the State Bank, developing green credit, supporting exports, sustainable agricultural economy , and circular economy.
At the same time, according to the plan, pre-tax profit in 2024 is expected to be 4,000 billion VND and in 2025 it is 5,000 billion VND, ROA and ROE ratios are over 1.4% and at least 20% respectively. Regarding the capital increase plan, it is expected that by the end of 2024, charter capital will reach about 13,000 billion VND and the target for 2025, charter capital will reach about 16,200 billion VND.
Although the market still faces many challenges, with a solid foundation, we are committed to continuing to innovate our operations, improving our competitiveness so that NAB's stock value grows sustainably, shareholders' rights are always guaranteed, maintaining transparency, openness, and standards in governance so that NAB's stock will be one of the quality choices for domestic and foreign investors.
Thanh Ha
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