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Deciding on dividends distribution is always a major challenge at shareholders’ meetings, as banks have to strike a balance between increasing capital to enhance financial capacity, increasing medium to long-term capital, contributing to sustainable development, and meeting the interests of shareholders.
 ( Nam A Bank maintains impressive business efficiency over the years)
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In its draft business plan for 2024, Nam A Bank (stock code: NAB) targets a profit of VND 4,000 billion, an increase of 21% compared to 2023. Previously, Nam A Bank recorded a profit before tax of VND 3,304 billion in 2023 (a 50% increase compared to the same period in 2022). In the context of a volatile market, Nam A Bank adopts a cautious, sustainable, and efficient business orientation, striving to achieve its business plan for 2024.
The capital increase plan through bonus share distribution from the 25% retained earnings, which the bank has consistently maintained over the years, has gained consensus from shareholders in its pursuit of sustainable and long-term development goals.
The price increase of NAB stocks in the first three months of 2024 is also a positive sign, reflecting the market’s confidence in the bank’s strategy and prospects.
The price of NAB stocks has shown good growth since the beginning of 2024
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On March 8, NAB stocks were officially listed on the HOSE exchange. This is the only bank stock approved for listing in 2023 by HOSE, one of the sectors with the largest market capitalization in the current market. HOSE, as the largest and most developed trading floor in Vietnam, the listing of public companies in general and NAB in particular is a necessary step in the development process. It contributes significantly to raising market capitalization and liquidity levels.
