Before the information related to stock disputes between shareholders, Nam A Bank affirmed that the disputes (if any) are completely civil relations between shareholders, not related to the business activities of Nam A Bank – a public company operating publicly, transparently and strictly complying with the current legal regulations.
On March 15, 2019, the State Bank of Vietnam has approved the plan for Nam A Commercial Joint Stock Bank (Nam A Bank) to open 35 new transaction offices under the restructuring project’s second phase (2018-2020) and has been appointed to participate in restructuring three people’s credit funds in Dong Nai province. NDO – a state-un media reports.
Recently, Moody’s Investors Service has assigned its first ratings and assessment for Vietnam’s Nam A Bank, giving it a B2 stable outlook.
As of December 31, 2018, total assets of the bank reached VND75,000 billion, growing nearly 40% compared to 2017, reaching 114% of the plan; profit reached VND750 billion, nearly double compared to 2017 and reached 230% of the plan; and the number of customers reached nearly 450,000, doubling that of 2017.
According to the information on website of the bank, Nam A Commercial Joint Stock Bank was officially put into operation on October 21st, 1992 and was one of the first commercial banks to be established after the Banking Ordinance was issued in 1990 in the context of economic reform in Vietnam. After 23 years of development, facilities, technologies, sciences, techniques and network of Nam A Bank have been expanded and enhanced more and more in association with great improvements in living standard of employees and prestige of Nam A Bank.
At the time of establishment, the bank had only 3 branches with charter capital of 5 billion VND and about 50 employees. For many years of difficulties and challenges, Nam A Bank has endlessly developed to own a network of 60 transaction offices nationwide. Moreover, current charter capital and number of employees of Nam A Bank are 600 times and 27 times higher than those in 1992, respectively. Most of Nam A Bank’s employees are young, dynamic and highly qualified that trained domestically and overseas.