SBV Approves Charter Capital Increase for NCB to Over VND 19,200 Billion

The State Bank of Vietnam (SBV) has issued an official document approving the charter capital increase of National Citizen Commercial Joint Stock Bank (NCB) by VND 7,500 billion through the private placement of shares to professional securities investors.

The charter capital increase plan was approved by NCB’s Annual General Meeting of Shareholders in late March 2025 and has been implemented by the Board of Directors in accordance with regulations. Accordingly, NCB will issue 750 million private shares at an offering price not lower than VND 10,000 per share, aiming to increase charter capital by up to VND 7,500 billion. Upon successful issuance, NCB’s charter capital will rise from the current VND 11,780 billion to VND 19,280 billion.

The plan to increase charter capital to VND 19,280 billion has been approved by the SBV

As planned, the entire proceeds of approximately VND 7,500 billion from the offering will be used to supplement capital for credit activities targeting corporate and individual customers in production, business, and consumption sectors, thereby contributing to credit growth in the banking system and supplying capital to the economy in alignment with the Government’s objectives. At the same time, this will enhance financial capacity to achieve NCB’s dual goals, accelerating and reinforcing the bank’s restructuring process in parallel with a comprehensive transformation under the new strategy “Digital Wealth” – the integration of wealth management and digital mixed services.

NCB plans to implement the capital increase share offering from Q2 to Q4/2025. Upon successful completion, this will mark NCB’s third capital increase in four consecutive years (2022-2025). Previously, on November 26, 2024, NCB successfully completed the issuance of 617.8 million private shares, raising its charter capital to VND 11,780 billion, significantly enhancing resources for breakthroughs in digital transformation, infrastructure investment, and business activities.

According to NCB’s leadership, in addition to the aim of strengthening competitiveness, boosting business, and implementing the bank’s new strategy, the charter capital increase also demonstrates NCB’s determination to enhance its competitive edge and resilience against market fluctuations, improve operational safety, and support the bank’s sustainable development to meet new growth targets in the coming period.

The charter capital increase will help supplement resources for breakthroughs in digital transformation, infrastructure investment, and business activities of the bank

Recently, NCB has undergone a comprehensive transformation with outstanding achievements: for two consecutive years, the bank has been honored by HRAA as one of Asia Best Companies To Work For In Asia; it became the first bank to allow current account opening via the VNeID application, contributing to the National Digital Transformation process and providing a convenient, secure, and superior banking experience for the community; it also launched a new version of the Retail Loan Origination System (RLOS), enabling customer consultation anytime, anywhere, and loan approval within 5 minutes, allowing customers to access capital quickly and efficiently…

Entering Q1/2025, NCB continued to record positive business results, with pre-tax profit reaching over VND 151 billion, a remarkable increase compared to the same period in 2024; total mobilized capital (including customer deposits and issuance of valuable papers) increased by 6.8%; total customer loans grew by 9.65% compared to the end of 2024. Total assets as of March 31, 2025 reached nearly VND 131,000 billion, up 10.5% compared to December 31, 2024.

In 2025, NCB has set an annual business plan targeting total assets of VND 135,500 billion, customer mobilization of VND 118,500 billion, representing growth rates of 14.6% and 23.2%, respectively, compared to 2024; customer lending is expected to increase by 35% to over VND 96,000 billion. NCB also aims for a pre-restructuring profit target of VND 59 billion and commits to allocating the entire profit to implement the approved Restructuring Plan. Additionally, the bank targets an increase of 424,000 customers compared to 2024.