The State Bank Approves Capital Increase for NCB to Over 19.2 Trillion VND

The plan to increase charter capital was passed by the 2025 Annual General Meeting of NCB’s shareholders at the end of March 2025 and implemented by the bank’s Board of Directors as per regulations. Accordingly, NCB will issue 750 million private placement shares at an offering price of no less than VND 10,000 per share, aiming to raise a maximum additional charter capital of VND 7,500 billion. Following the successful issuance, NCB’s charter capital will increase from the current VND 11,780 billion to VND 19,280 billion.

The State Bank of Vietnam has approved NCB’s plan to increase its charter capital to VND 19,280 billion.

According to NCB’s plan, the entire amount of approximately VND 7,500 billion raised from the offering will be used to supplement capital for lending activities to corporate and individual customers for production, business, and consumption purposes. This will contribute to promoting the credit growth of the banking system and providing capital to the economy in line with the government’s targets. At the same time, it will enhance the bank’s financial capacity to achieve its dual objectives, accelerating and strengthening the bank’s restructuring process alongside a comprehensive transformation in line with the new “Digital Wealth” strategy – a combination of wealth management and digital hybrid services.

The bank is expected to implement the share offering plan for capital increase from the second to the fourth quarter of 2025. After the successful offering, this will be the third time NCB has increased its capital in four consecutive years (2022 – 2025). Previously, on November 26, 2024, NCB completed the issuance of 617.8 million private placement shares, increasing its charter capital to VND 11,780 billion, and significantly boosting resources for breakthroughs in digital transformation, investment in infrastructure, and the bank’s business activities.

According to NCB’s leadership, in addition to enhancing competitiveness and promoting business and the bank’s new strategy, the increase in charter capital also demonstrates NCB’s determination to enhance its competitive edge and resilience in the face of market fluctuations. It improves the safety of the bank’s operations and its capacity for sustainable development, aligning with the bank’s new development goals in the next phase.

In the past, NCB has undergone a comprehensive transformation with outstanding results: For two consecutive years, it has been recognized by HRAA as the “Best Workplace in Asia”. As the first bank to allow account opening through the VNeID application, NCB has contributed to the country’s digital transformation and provided superior convenient and safe banking experiences to the community. Additionally, with the new version of the RLOS (Relationship, Lending, Origination System), NCB can now provide loan consultations to customers anytime, anywhere, and approve loans within 5 minutes, making it easier for customers to access capital quickly and efficiently.

In the first quarter of 2025, NCB continued to demonstrate positive business results, with pre-tax profit exceeding VND 151 billion, a significant increase compared to the same period in 2024. Total mobilized capital (including customer deposits and issued securities) grew by 6.8%, and total customer lending increased by 9.65% compared to the end of 2024. As of March 31, 2025, total assets reached nearly VND 131,000 billion, a 10.5% increase compared to December 31, 2024.

For the full year of 2025, NCB has set ambitious business targets, including total assets of VND 135,500 billion and customer deposits of VND 118,500 billion, representing growth rates of 14.6% and 23.2%, respectively, compared to 2024. Lending to customers is projected to grow by 35%, reaching over VND 96,000 billion. NCB also aims to achieve a pre-restructuring profit of VND 59 billion and is committed to utilizing all profits to execute the approved PACCL (Plan for Accelerated Capital Increase and Comprehensive Loss Reduction). Furthermore, the bank targets to expand its customer base by 424,000 compared to 2024.