Nam A Bank maintains growth momentum, promotes programs to accompany businesses and the economy

Accordingly, as of March 31, 2025, Nam A Bank's total assets reached nearly VND 263,000 billion, an increase of more than 7% compared to the beginning of 2025. Credit activities reached nearly VND 178,000 billion, an increase of 6% compared to the beginning of the year. Capital mobilization reached nearly VND 204,000 billion, an increase of nearly 14% compared to the beginning of 2024. Pre-tax profit reached VND 1,214 billion (equivalent to an increase of 21.52% compared to the same period in 2024).

The above results have helped Nam A Bank maintain a stable growth rate in recent years. In particular, ROE has remained above 20%, ROA reached 1.5% - among the highest in the industry. NIM is around 3.5%.

Asset quality is gradually improving, as group 2 debt (before CIC) has decreased significantly from 1.27% at the beginning of 2025 to 0.61%, while the bad debt ratio (from group 3 to group 5) is at 2.23%. The bad debt coverage ratio is at nearly 54%. In addition, the bank is striving to set a roadmap to increase the credit risk provisioning level in the coming time to gradually improve the bad debt coverage ratio, helping to increase the safety buffer for bad debt handling, as well as increase the sustainability of the bank, thereby expecting to improve the international credit rating results in the future.

The bank's operating expenses to total operating income (CIR) in the first quarter of 2025 decreased to 36% (down 8.1% compared to December 31, 2024), the lowest level in many years. The bank also aims to maintain this ratio at around 40% in the coming years.

Customers transact at Nam A Bank.

Maintaining asset quality and tightly controlling bad debt is the foundation for Nam A Bank to develop, especially when the bank implements a strategy to expand its scale and network.

Nam A Bank continues to manage lending, liquidity and capital adequacy prudently. Specifically, LDR (loan-to-deposit ratio) is at 74.97%, the bank is maintaining a reasonable lending ratio compared to mobilized resources. The ratio of short-term capital for medium and long-term lending decreased from 22.33% to 17.11% (down 5.22%). The liquidity reserve ratio reached 20%, twice as high as the minimum regulation of the State Bank. The 30-day VND solvency ratio increased from 87.83% to 96.72%.

The capital adequacy ratio (CAR) remains at 11.6% - ensuring safety according to Basel III standards, much higher than the minimum regulation of 8% of the State Bank. Notably, this year Nam A Bank will continue to increase its charter capital by 34% compared to the end of 2024 after the Resolution of the 2025 Annual General Meeting of Shareholders has just been approved, which will help increase the bank's financial buffer, thereby helping to improve the CAR index higher than the current one.

Recently, Fitch Ratings - one of the three leading credit rating organizations in the world - has rated Nam A Bank's Long-Term Issuer Default Rating (IDR) at "B+" with a stable outlook (similar to Moody's B1).

At the recent 2025 Annual General Meeting of Shareholders, Nam A Bank shareholders unanimously approved many important decisions. In particular, Nam A Bank's consolidated pre-tax profit target in 2025 is VND 5,000 billion, an increase of 10% compared to 2024. The above growth rate is quite modest compared to the consolidated pre-tax profit achieved in 2024 of VND 4,545 billion, a sharp increase of 38% compared to the previous year.

This is a goal that is consistent with the context of the banking industry in general and Nam A Bank in particular, when the bank is striving to accompany the Government's call to support businesses and the economy, aiming to achieve the GDP growth target of 8% in 2025.

Accordingly, in the coming months, along with boosting business, the Bank will continue to focus resources on implementing many preferential credit packages for agriculture, forestry, fishery and social housing to accompany people and businesses to accelerate production and business, and stabilize their lives.

Specifically, Nam A Bank is implementing preferential loans according to the value chain of the seafood industry with interest rates starting from only 3.25%/year. This is a product that helps Nam A Bank carry out its assigned tasks related to the preferential credit package of 60,000 billion VND deployed by the State Bank. In particular, Nam A Bank increases the size of the current package from 6,000 billion VND to 10,000 billion VND, with interest rates 1-2% lower than the normal interest rate.

At the same time, Nam A Bank also launched a social housing loan package of VND5,000 billion, with a preferential interest rate of only 6.1%/year for the first 5 years. This credit package helps home buyers realize their dream of settling down.

The stable growth of important business expenses in the first quarter of 2025 will be a solid foundation for Nam A Bank to realize the business goals set at the 2025 Annual General Meeting of Shareholders, continuing to aim for sustainable development.

Source: https://thoibaonganhang.vn/nam-a-bank-giu-da-tang-truong-day-manh-cac-chuong-trinh-dong-hanh-cung-doanh-nghiep-va-nen-kinh-te-162175.html