Nam A Bank reports 25% increase in first-half pre-tax profit

Nam A Bank announced a 25% rise in its first-half pre-tax profit in its semi-annual financial report. Total assets grew by 8% to VND452 trillion, while outstanding loans increased by over 10% to nearly VND220 trillion. Customer deposits and other mobilized funds expanded 16% to VND245 trillion. The bank's total operating income grew by more than 3% to VND5.143 trillion, with non-interest income up 11.3%, bolstered by loan recoveries and investment activities.

Investment securities trading income hit nearly VND178 billion, up over 69%. The bank's asset quality improved, with the non-performing loan (NPL) ratio dropping from 2.16% to 1.47% and the Group 2 loans ratio declining from 1.31% to 0.54%. The NPL coverage ratio rose to nearly 70%. The bank's cost-to-income ratio remained steady at 40%, and key prudential indicators stayed above regulatory requirements.

Nam A Bank's liquidity reserve ratio reached nearly 20%, and its 30-day VND liquidity ratio was 85%, both surpassing required levels. The company's capital adequacy ratio stood at 10.8%, surpassing the minimum 8%. In the first half, the bank issued VND2 trillion in bonds to bolster its funding base and increase Tier 2 capital, while also distributing a 20% stock dividend and issuing 100 million shares under its 2026 ESOP.

By year-end, the bank aims to have a charter capital of over VND21.588 trillion. For the second half, Nam A Bank plans to privately issue 100 million shares to professional investors, aiming to raise charter capital to approximately VND25 trillion. These additional shares will be subject to a 12-month transfer restriction. The capital increase is intended to bolster capital management, enhance risk management, and support the State Bank of Vietnam's Basel III standards implementation.

Nam A Bank also expanded its cooperation with international financial institutions, mobilizing over $300 million from partners like IFC, ADB, J.P. Morgan, and others to diversify funding sources and enhance trade finance capacity. The bank maintains positive ratings from international credit rating agencies for 2026.