NCB has successfully issued 99.65% of the offered shares to domestic investors, equivalent to more than 617 million shares, with a par value of VND 10,000 per share. The issuance ended on November 26, 2024.
The issued shares are restricted from transfer for one year from the end of the issuance. The total amount of proceeds from this private placement is over VND 6,178 billion.
After the successful issuance of the above-mentioned shares, the total number of NCB’s voting shares in circulation has increased to nearly 1,180 million shares, officially raising the bank’s charter capital to nearly VND 11,800 billion.
NCB plans to use the entire proceeds from this private placement to supplement its operating capital, invest in technology and digital transformation, build its brand identity, and renovate and upgrade its physical infrastructure.
Previously, in mid-June 2024, NCB finalized the list of 13 professional investors registered to participate in this offering, including 12 individuals and one investment fund. Among them, two bank leaders, Ms. Bui Thi Thanh Huong – Chairwoman of the Board of Directors, and Mr. Duong The Bang – Member of the Board of Directors of NCB, also registered to participate in the capital contribution. As of November 26, 2024, the 12 individual investors have completed their capital contributions.
According to NCB’s representative, the increase in charter capital is an important factor in creating a boost for NCB’s comprehensive and strong transformation, towards the bank’s strategic objectives, aiming to build a new NCB that delivers banking experiences through innovative and creative thinking. NCB aims to be at the forefront of financial service innovation, pioneering the development of products and services on the most advanced technological platforms, striving to become a socially responsible bank, and contributing to the sustainable development of the community it serves.
The additional financial resources also demonstrate the bank’s determination and strong commitment to its comprehensive restructuring plan, which has been approved by the competent authorities. This ensures the bank’s safe, sound, and efficient operation, complying with legal regulations and the requirements of regulatory authorities. At the same time, it helps NCB assert its increasingly strong competitive position in the market.
As per the roadmap, NCB will continue to increase its capital, and its charter capital is expected to reach more than VND 29,000 billion by 2028, in line with the approved PACCL. This will enable NCB to strengthen its financial resources and increase its medium- and long-term capital to expand its business operations, becoming one of the most reputable, healthy, and efficient banks in the market, providing the best financial services and solutions.
2023-2024 has been identified by NCB as the phase for building a solid foundation for its comprehensive transformation. The bank continuously enhances its technological foundation to achieve the goal of comprehensive digitization, investing in solutions, products, and services to increase value for its customers. NCB has also been working with the world’s leading strategic consulting organization to develop and aggressively implement its new strategy for the 2023 – 2028 period.
As of September 30, 2024, NCB has served more than 1.24 million customers, equivalent to 160% of its annual plan and a 24.22% increase compared to the end of 2023.
As of September 30, 2024, NCB’s total assets reached nearly VND 108,900 billion. Compared to the targets approved by the 2024 Annual General Meeting of Shareholders in April, NCB has achieved 100% of its customer lending plan and exceeded its annual plan for total assets and capital mobilization (reaching 103% and 110%, respectively) after only nine months.
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