NCB has successfully issued 99.65% of the offered shares to domestic investors, equivalent to over 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 being transferred for 01 year from the date of the end of the issuance. The total amount of money raised from this offering is over VND 6,178 billion.
After the successful issuance of the above shares, the total number of voting shares in circulation of NCB has increased to nearly 1.18 billion shares, officially raising the bank’s charter capital to nearly VND 11,800 billion.
NCB plans to use the entire amount of money raised from this private placement to supplement its operating capital; technology and digital transformation; build brand identity and renovate and upgrade physical infrastructure.
Earlier, 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 – Chairman of the Board and Mr. Duong The Bang – Member of the Board of Directors of NCB, also registered to participate in capital contribution. As of November 26, 2024, the 12 individual investors had completed their capital contributions.
According to NCB’s representative, the increase in charter capital is an important factor in creating momentum 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, is at the center of financial services innovation, pioneers the development of products and services on the most advanced technology platform, and aspires to become a socially responsible bank, contributing to the sustainable development of the community that NCB serves.
The addition of financial resources also demonstrates the bank’s determination and strong action in its comprehensive restructuring journey, in accordance with the Restructuring Plan approved by the competent authorities, ensuring the safe, sound, and efficient operation of the bank, complying with legal regulations and the requirements of the management agency. At the same time, it helps NCB affirm its increasingly high competitiveness in the market.
According to the roadmap, NCB will continue to increase capital, and its charter capital is expected to reach more than VND 29,000 billion by 2028, in line with the approved PACCL, helping NCB consolidate its financial resources, increase medium- and long-term capital to expand its business operations, and become one of the reputable, healthy, and efficient banks, providing the best financial services and solutions in the market.
It is known that the period of 2023-2024 has been identified by NCB as the stage for building a solid foundation for its comprehensive transformation. The bank continuously enhances its technology foundation to serve the goal of comprehensive digitization, invests in solutions, products, and services, and increases value for customers. NCB has also worked with the world’s leading strategic consulting organization to build and aggressively implement a new strategy for the 2023 – 2028 period.
NCB continuously enhances its technology foundation to serve the goal of comprehensive digitization.
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As of September 30, 2024, NCB has served more than 1.24 million customers, equivalent to 160% of the annual plan and a 24.22% growth compared to the end of 2023.
NCB’s total assets as of September 30, 2024, reached nearly VND 108,900 billion. Compared to the targets approved by the Annual General Meeting of Shareholders in April this year, NCB has achieved 100% of the customer lending plan and exceeded the annual plan for total assets and capital mobilization (reaching 103% and 110%, respectively) after only nine months.
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