Accordingly, implement the “Project to restructure the system of credit institutions associated with handling bad debts in the period 2021-2025” according to Decision 689/QD-TTg of the Prime Minister and guidance from the State Bank of Vietnam and NCB. together with Ernst& Young Vietnam Co., Ltd. (E&Y) implemented an independent, objective and comprehensive assessment and identification of the bank’s current situation, proactively identified goals and proposed comprehensive solutions to restructure the bank. row.
NCB also cooperates with KPMG to evaluate the current state of the internal control system and develop a roadmap to perfect the internal control system in accordance with development orientation in the coming years.
The General Meeting of Shareholders approved the 2024 business plan. The bank aims to reach VND 105,892 billion in total assets, an increase of 10% compared to 2023; Customer loan balance is expected to reach VND 64,344 billion and customer mobilization reach VND 86,050 billion, up more than 16% and 8% respectively compared to the end of 2023.
NCB is also determined to increase its customer scale by the end of 2024 by 15%, reaching 1.15 million customers. Cumulative customers using digital banking applications by the end of 2024 are expected to reach 595,051 customers, an increase of 34%; The cumulative number of credit cards reached 31,991 cards, an increase of 28% compared to 2023. Thereby, the bank expects CASA to reach VND 6,075 billion, an increase of 24% compared to 2023 results.
The General Meeting of Shareholders also approved the proposal to continue implementing the plan to increase charter capital. In 2024, NCB continues to implement the plan to issue private shares to increase charter capital by VND 6,200 billion.
It is expected that after completing the issuance, NCB’s charter capital will increase from VND 5,602 billion to VND 11,802 billion. All proceeds from the private stock offering to investors will be used to supplement business operating capital (5,300 billion VND); technology and digital transformation (500 billion VND); building brand identity (200 billion VND) and renovating and upgrading facilities (200 billion VND).
Regarding the implementation progress, the bank said it has prepared a request document and received approval from the State Bank. NCB is implementing procedures to increase capital according to regulations, including preparing documents to submit to the State Securities Commission for approval of private share offerings.