Bank stock set to move to HoSE after Tet

The expected first trading day of this stock on HoSE is March 8, 2024.

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The Board of Directors of NamABank (Nam A Commercial Joint Stock Bank – UPCoM: NAB) has passed a resolution to cancel the stock trading registration at the Hanoi Stock Exchange and is expected to have its first trading day at the Ho Chi Minh City Stock Exchange (HoSE).

Specifically, the bank will delist more than 1 billion NAB shares from the Hanoi Stock Exchange on February 29, 2024, with the last trading day being February 28. NAB shares are expected to be listed on HoSE with the first trading day on March 8, 2024.

Prior to this, NamABank has been approved by the Ho Chi Minh City Stock Exchange to list its shares.

Currently, NAB shares are trading around 15,500 dong/share on UPCoM, with a sideways trend since the beginning of 2024. The bank’s market capitalization is over 16,500 billion dong.

In terms of business operations, as of December 31, 2023, NAB’s total assets reached over 210,000 billion dong, an increase of over 18% compared to the beginning of the year, ranking among the top 20 banks with the largest total assets in the system. The funds raised reached nearly 165,000 billion dong, an increase of nearly 20% compared to the beginning of the year, and outstanding loans reached nearly 142,000 billion dong, an increase of over 18% compared to the beginning of the year.

The bank’s net interest income reached over 6,600 billion dong (an increase of over 30%), net income from service activities reached nearly 600 billion dong (an increase of 116%), and net income from other activities reached over 330 billion dong (an increase of 10.1%)… As a result, the bank’s pre-tax profit for 2023 reached over 3,300 billion dong, an increase of 50% compared to the same period in 2022.

SOURCEcafef
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