NCB Increases Charter Capital to VND 19,280 Billion

National Citizen Commercial Joint Stock Bank (NCB, stock symbol: NVB) has officially obtained approval to issue 750 million private shares to raise its charter capital to VND 19,280 billion. This move strengthens NCB’s financial capacity and supports the bank’s efforts to accelerate completion of its Restructuring Plan ahead of schedule and execute its new strategy of becoming a leading modern digital bank in Vietnam.

Aiming high, ready for major leaps

The State Securities Commission has issued Document No. 3851/UBCK-QLCB approving the application for private placement submitted by National Citizen Commercial Joint Stock Bank (NCB). Accordingly, NCB will issue 750 million private shares, raising its charter capital to VND 19,280 billion. This capital increase, implemented earlier than outlined in the approved Restructuring Plan, will help NCB further strengthen its financial foundation and increase its long-term stable capital to expand business operations. It also demonstrates NCB’s strong determination to complete the Restructuring Plan for the 2023–2025 period ahead of schedule, as approved by the competent authorities, and aligned with its 2030 vision.

The charter capital increase reflects NCB’s determination to complete the approved Restructuring Plan ahead of schedule.

In June 2024, NCB became the first credit institution to complete and gain approval for its Restructuring Plan, developed with the support of Ernst & Young (E&Y)—one of the world’s top four restructuring consulting firms—and KPMG, a leading, reputable advisory partner in the market.

Thanks to comprehensive implementation of solutions in line with the Restructuring Plan, within just six months, NCB achieved positive outcomes: recovery and resolution of legacy assets reached 130% of the plan’s target; provisioning and interest reversal were completed right after the charter capital increase to nearly VND 11,800 billion in December 2024; and pre-restructuring profit exceeded expectations.

Alongside executing the Restructuring Plan, NCB has collaborated with a world-leading strategic consultancy to develop and strongly implement a new strategy—driven by long-term vision and the aspiration to become the premier provider of financial services and solutions for the elite. NCB is now a bank that delivers excellent banking experiences through innovative thinking, serving as a center of financial service transformation, pioneering the development of products and services on state-of-the-art technology platforms, and striving to be a socially responsible bank that contributes to the sustainable development of the communities it serves. With the entire system's strong engagement, NCB achieved significant progress in the very first year of the new strategy’s implementation.

This marks the third capital increase in four consecutive years (2022–2025) for NCB

Entering 2025, with a series of improvements in products, services, processes, and a strong push for innovation in business direction, NCB achieved outstanding growth in the first half of the year. For the first six months of 2025, NCB's post-tax profit reached over VND 462 billion, a significant rise compared to just VND 6 billion in the same period of 2024. As of June 30, 2025, total assets stood at more than VND 144,054 billion, up 21.6% from the end of 2024 and exceeding the full-year 2025 target of VND 135,500 billion by 6.3%. Compared to the 2025 plan approved at the Annual General Meeting in late March, customer lending in the first six months has already reached 94% of the target, while total capital mobilization has surpassed the goal by nearly 1.4%. The non-performing loan ratio over total customer loans has significantly declined from the end of 2024. The bank has also applied digitalization in credit operations to deliver a faster, simpler, and superior customer experience.

Enhancing comprehensive capacity, creating differentiated value in the new era

This is NCB’s third capital increase in four consecutive years (2022–2025). From a small-sized bank, NCB has consistently raised large amounts of capital, surpassing some major banks in terms of charter capital. This underscores NCB’s strong determination to improve financial strength for safe, efficient, and sustainable operations, while affirming investor confidence in the bank’s strategy, development roadmap, and promising future.

NCB has undergone comprehensive internal restructuring and reinforcement over the past four years, achieving notable milestones.

This capital increase also marks the fourth anniversary of NCB’s transformative journey. During this period, the bank has undergone a complete internal overhaul and enhancement, supported by a new leadership team with strong expertise, integrity, and strategic vision—driving improvements in governance, operations, and the formulation of clear, effective business strategies. In just the first two years of transformation, NCB was recognized as one of the banks with the most experienced senior leadership teams in the financial–banking sector. The bank was honored with the HRAA Award for “Best Companies To Work For In Asia” for two consecutive years (2023–2024).

Over the past four years, NCB has made significant investments in infrastructure and technology solutions to enhance its overall digital capability, aiming to deliver a superior digital experience. Numerous key technology and digital transformation projects have been swiftly and effectively deployed, enhancing data security and integrity, boosting information system safety, and improving customer protection against cybersecurity threats.

With technology as a driver, NCB has also made a strong impression on customers with its reimagined product–service solutions and enhanced customer experience. As a result, the bank has gained increasing customer trust, as reflected in impressive growth in customer numbers and business performance over recent years. The bank has also relocated its headquarters to a prime location in the heart of Hanoi, optimized its network, and upgraded its facilities to better serve customers.

This positive transformation has shaped a new version of NCB that is increasingly embraced by customers. The NCB brand has recorded exceptional growth in brand recognition, as assessed by Mibrand Vietnam.

With its continued efforts to strengthen financial capacity, NCB is demonstrating a strong commitment to constant advancement—aiming to create meaningful differentiation, foster innovation, and drive breakthrough transformation in this era of national growth and resurgence.