Nam A Commercial Joint Stock Bank (Nam A Bank) has been approved by the State Bank of Vietnam to open 35 new transaction offices under the restructuring project's second phase (2018-2020) and has been appointed to participate in restructuring three people's credit funds in Dong Nai province.
Nam A Commercial Joint Stock Bank (Nam A Bank) has been approved by the State Bank of Vietnam to open 35 new transaction offices under the restructuring project’s second phase (2018-2020) and has been appointed to participate in restructuring three people's credit funds in Dong Nai province.
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In addition, credit ratings agency Moody’s Investors Service has assigned its first ratings and assessment for Vietnam’s Nam A Bank, giving it a B2 stable outlook.
The information was given in Official Letter No. 187/2019 / CV-NHNA-01 dated March 15, 2019.
Accordingly, as of December 31, 2018, Nam A Bank's total assets reached VND75,000 billion, growing nearly 40% compared to 2017, reaching 114% of the plan; profit reached VND750 billion, nearly double compared to 2017 and reached 230% of the plan; and the number of customers reached nearly 450,000, doubling that of 2017.
In addition, before the information related to stock disputes between shareholders, Nam A Bank affirmed that the disputes (if any) are completely civil relations between shareholders, not related to the business activities of Nam A Bank - a public company operating publicly, transparently and strictly complying with the current legal regulations.
(Source: Nhan Dan)
