Statistics from the closing price on January 3, 2023 to present, out of 15 bank stocks, 10 stocks recorded price growth of 10% or less. Some banks have outstanding performance compared to VN-Index such as VCB up 21%, MBB up 23%, OCB up 15%, SHB up 27% and LPB up 55%.
In particular, NAB's rate is also in the group of stocks with outstanding growth compared to VN-Index and other banking stocks. What makes such a difference? What do investors expect from NAB in a year when banking stocks are almost flat?
NAB has strong investment performance in 2023.
Explaining the movement of NAB stock price in 2023, it can be seen that this is a year when Nam A Bank has been quite successful in both profit and profit quality. That profit quality is the diversification of the bank's revenue sources, not only from credit but also from strong increases in fee and service revenue sources.
NAB's service activities grew positively in the first 9 months of the year.
This positive growth result comes from Nam A Bank's continuous growth in scale of operations, expanding its customer base in both quality and quantity through a strong digital banking platform to diversify products and services to meet customer needs.
Many breakthroughs in digital banking transformation
Technology is one of the key factors that helps banks increase their advantages and gain market share. This is also one of the important steps that helps banks improve their position in the market.
Banking products and services will develop in a modern direction, with customers at the center and data being very important. Some banking operations will gradually be replaced, reducing traditional models and switching to new technology models, automation, and using AI. Thereby, digital transformation will aim at many innovative ideas in products and services as well as operating processes.
Customers transact at Nam A Bank.
In particular, the trend of banks operating 365+ is increasing rapidly to meet customers' diverse transaction needs anytime, anywhere. Financial transactions are carried out seamlessly through digital banking applications or automatic digital transaction points that banks are promoting to develop.
Because the digital banking model or automatic digital transaction points have also provided most of the essential banking and financial services to customers, but operating costs are optimized based on technology.
Nam A Bank is a typical example of the above strategy. This bank also raises the bar through "digital innovation", launching many diverse, modern financial products and services with high technology content, creating a different and fast experience for customers.
In particular, the ONEBANK 365+ automatic digital transaction point is one of Nam A Bank's technological highlights, bringing new, impressive and fully automatic experiences to customers.
Besides ONEBANK, Nam A Bank now also owns a diverse digital ecosystem, well received by customers and highly appreciated by industry experts such as OPBA robot and Open Banking...
Being at the forefront of digital transformation has helped Nam A Bank's number of individual customers increase sharply in recent years, which is also the solution to the problem of expanding the network while still ensuring reduced operating costs.
Growth in customers using services through ONEBANK
Keeping up with the rise of electronic payments and cashless payments, as well as the desire to meet people's needs to the fullest extent, banks have actively deployed a variety of digital banking services, modern technology and many attractive incentive programs.
ONEBANK is one of the technological highlights of Nam A Bank.
Not outside this development trend, Nam A Bank has implemented many practical activities to serve customer needs. In the first 6 months of 2023, Nam A Bank's "Market 4.0 - Cashless Life" model has been covered in traditional markets nationwide, helping traders and customers make cashless payments. Millions of traders and people can now buy and sell goods by scanning QR codes or transferring money via Open Banking quickly, safely and securely.
Promoting a cashless life and digitizing business activities not only increases convenience for customers but also helps this Bank grow strongly in the number of customers, increase business efficiency, and optimize operating costs. Going deeper into Nam A Bank's business results, the effectiveness that the advantages of a digital bank bring is clearly demonstrated.
With such strong growth, the volume and value of Nam A Bank's e-banking transactions increased by 11.8 times compared to 2021, and by November 2023, it increased by 1.55 times compared to the end of 2022. The number of active customers doubled compared to 2022.
On the other hand, because the investment and operating costs of each ONEBANK point are optimized compared to traditional business points, thereby helping to gradually improve operating costs over time. To date, Nam A Bank has deployed 100 ONEBANK points nationwide.
ONEBANK's business performance is growing impressively, making a significant contribution to the business operations of the entire Nam A Bank system. This is also the highlight in the bank's profit structure in the first 9 months of 2023, with strong growth from service activities.
By promoting technology in the Bank's business and management activities, Nam A Bank has made strong changes and raised its position in the market.
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