Nam A Bank achieves key targets for 2023, poised for breakthrough in the new year.

With a sustainable development strategy, Nam A Bank (code NAB) has achieved its key targets in 2023, ranking among the top 12 joint-stock commercial banks with the highest growth rate and creating a stable momentum for its new journey.



Furthermore, Nam A Bank asserts its position in the market with many outstanding activities in technology, risk management, and it is the only bank approved by HOSE for listing in 2023.

In 2023, the global economy in general and Vietnam in particular faced many challenges due to the geopolitical crisis combined with the strategic competition among major powers. In this context, with the right strategy and adaptation to new circumstances, Nam A Bank ensures safety in operations, growth in scale, and affirms business effectiveness.

Customers transact at Nam A Bank

As of December 31, 2023, total assets reached over 210,000 billion VND, an increase of more than 18% compared to the beginning of the year, joining the group of 20 banks with the largest total assets in the system.

Other important indicators such as mobilized capital reached nearly 165,000 billion VND, an increase of nearly 20% compared to the beginning of the year, outstanding loans reached nearly 142,000 billion VND, an increase of over 18% compared to the beginning of the year. The positive point is that NIM (Net Interest Margin) continues to stabilize at over 3.3% in the context of narrowing interest rate spreads for mobilized funds and customer loans, thanks to optimal solutions for income-generating asset structure and mobilization structure.

As a pioneer bank in digitalization, in the past year, Nam A Bank continued to develop Digital Banking Ecosystem with high-tech products and services. Thanks to that, the number of customers and user banking recorded breakthrough growth compared to the beginning of 2023. The number of active customers increased by 85.3% compared to the same period, and the user banking target increased by nearly 95%.

ONEBANK has achieved impressive business results in 2023

In addition, with the ability to meet most banking transactions, including holidays, and bring new experiences in technology and consumption, ONEBANK 365+ automatic transaction points have attracted a large number of customers. By the end of 2023, only ONEBANK alone has achieved impressive results compared to the beginning of the year, such as mobilized capital reaching over 170%, active customers increasing by 240.3%, and user banking increasing by nearly 200%.

Thanks to the very positive results in financial capacity combined with the results of handling the recovery of debts, Nam A Bank has created the necessary resources to fully settle the debts sold to VAMC in 2023. Proactively settling bonds before maturity at VAMC is believed to create a solid foundation for Nam A Bank’s business operations in the coming years, while increasing the bank’s proactive ability to build and adjust debt handling plans to achieve optimal efficiency.

In fact, in order to repurchase all bad debts at VAMC, the bank’s internal bad debts must be low and there must be abundant financial resources for the reserved provisioning after receiving the debts. At the end of 2023, the internal and external bad debts of NAB were 2.11% in the context of many difficulties in the macroeconomy.

The positive growth momentum has helped Nam A Bank achieve positive results in net interest income compared to the beginning of 2023, such as net interest income reaching over VND 6,600 billion (an increase of over 30%), net income from service activities reaching nearly VND 600 billion (an increase of 116%), net income from other activities reaching over VND 330 billion (an increase of 10.1%)… From this, it helped the pre-tax profit of Nam A Bank in 2023 reach over VND 3,300 billion, an increase of 50% compared to the same period in 2022. This also contributes to creating momentum for Nam A Bank to be in the top 12 banks with the best growth in 2023.

In addition, safety indicators in operations exceed the regulations of the State Bank of Vietnam. Nam A Bank has also complied with liquidity indicators and met Basel III criteria.



State Bank of Vietnam regulations

Liquidity reserve ratio



30-day repayment capacity ratio (VND)



30-day repayment capacity ratio (USD)



Capital adequacy ratio (CAR)



Loan balance to total deposits



Lending/deposit ratio TT1 VND


Lending/deposit ratio TT1 USD


Short-term capital/long-term loan ratio



In order to be in the top 12 banks with the best growth, Nam A Bank has proactively implemented a series of comprehensive digitalization solutions, focusing on early development of green loans, enhancing risk management capabilities to ensure maintaining superior effectiveness and sustainability. In particular, predicting the domestic and international economic situation still facing many challenges, the bank has strengthened its risk management system and pioneered the application of international standards.

In 2023, the bank consolidated the most advanced components of Basel as well as international financial reporting standards. Specifically, Nam A Bank has announced the completion of the implementation of credit risk components according to internal credit rating method – Basel II – FIRB, and continued to complete the construction of methods and tools according to Basel III – Reforms. Nam A Bank and Ernst & Young Vietnam have organized a handover ceremony of the IFRS international financial reporting standard project…

In 2024, the domestic economy will continue to face challenges in a volatile global environment. In this context, Nam A Bank operates with caution, sustainability, and efficiency in order to bring real value to shareholders, partners, customers, and the community.

With efforts in business operations, in 2023 Nam A Bank received many prestigious awards at home and abroad such as Outstanding Risk Management Bank, Most Innovative Digital Banking Ecosystem in Vietnam, Inspirational Product and Solution, Best Workplace in Asia, Most Innovative Retail Bank in Vietnam, Best International Payment Services Bank in Vietnam…

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