Wednesday, October 17 2018

VietNamNews

Nam Á Bank allowed to open five branches and 30 dealing rooms

Update: October, 09/2018 - 14:43
A dealing room of Nam Á Bank. The bank will expand its network in the next 12 months. - Photo enternews.vn
Viet Nam News

HÀ NỘI — The State Bank of Việt Nam gave the nod to Nam Á Bank to open five new braches and 30 dealing rooms.

Following the approval of the central bank, Nam Á Bank will open five branches in Quảng Ninh, Long An, Đắk Nông, An Giang and Tiền Giang provinces.

Thirty dealing rooms will be opened in ten provinces: Lâm Đồng, Đồng Nai, Bà Rịa – Vũng Tàu, Bến Tre, Ninh Thuận, Đăk Lăk, Phú Thọ, Tây Ninh, Cần Thơ and Kiên Giang. Each province will have three dealing rooms.

The central bank asked Nam Á Bank to put these new branches and dealing rooms into operation within the next 12 months.

This was a bold move by Nam Á Bank to expand its network.

As of June 30, Nam Á Bank now has one head office, one centre and 67 branches and dealing rooms nationwide.

Along with expanding the network, Nam Á Bank was planning to raise its charter capital from around VNĐ3 trillion (US$130.5 million) to VNĐ5 trillion.

According to Trần Ngọc Tâm, general director of Nam Á Bank, the bank reported a pre-tax profit of VNĐ335 billion, three times higher than the same period last year and exceeding its target of the full year.

Recently, the bank received “The Best Customer Loyalty Program Bank Viet Nam 2018” award by the UK’s International Finance Magazine. — VNS

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