The bank maintained a low non-performing loan (NPL) ratio of 2.15% (1.93% before CIC), while its loan loss reserve (LLR) ratio increased sharply to more than 54%.
Strong growth in assets and credit
As of Dec. 31, 2025, Nam A Bank’s total assets reached VND418,335 billion, marking significant growth compared with the beginning of the year and placing the bank among the top 15 largest banks in Vietnam by total assets.
This performance was supported by synchronized improvements in capital mobilization, credit expansion, interbank market activity, and investment in valuable papers.
Customers at a Nam A Bank office. Photo courtesy of Nam A Bank |
Total deposits from economic organizations and individuals, together with the issuance of valuable papers, exceeded VND211 trillion, representing growth of more than 18.4% year on year. Outstanding credit reached over VND198 trillion, an increase of 18.2% compared with the start of the year.
Investment in government bonds and valuable papers issued by other credit institutions totaled more than VND40 trillion, up 92.1%. In addition, Nam A Bank mobilized approximately US$160 million in international capital in 2025 through bilateral and syndicated loans from reputable partners. These activities contributed to optimizing the bank’s asset structure and supporting sustainable profitability.
Profitability remains robust
Nam A Bank recorded profit before tax (PBT) of VND5,254 billion in 2025, up 15.6% from 2024. Key profitability indicators remained at relatively high levels, with net interest margin (NIM) at 2.6%, return on assets (ROA) at 1.3%, and return on equity (ROE) stable at around 20%.
In line with broader banking-sector efforts to support private economic development under Resolution 68 of the Politburo, the bank expanded credit to priority sectors, particularly the private sector. It also capitalized on opportunities in the secondary market, including interbank transactions and low-risk investment instruments such as government bonds and valuable papers.
Total operating income rose 27.4% to VND11,534 billion. Non-interest income increased more than 1.6 times year on year, driven by the recovery of previously written-off debts and stronger investment and trading activities. The investment securities segment alone contributed VND235 billion, doubling compared with the same period. Net income from service activities reached VND588 billion, while foreign exchange and valuable paper trading contributed VND265 billion, accounting for 10.6% and 4.8% of total PBT, respectively.
Asset quality and cost efficiency improve
Asset quality continued to improve in 2025, with the NPL ratio declining to 2.15% (1.93% before CIC) and the LLR ratio rising to over 54%.
The bank also strengthened cost management, reducing its cost-to-income ratio (CIR) from 44% in 2024 to 33.2%.
In line with State Bank of Vietnam (SBV) requirements on digital transformation and cost efficiency, Nam A Bank emerged as one of the more effective institutions in managing income and expenses within the banking system.
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Customers conduct transactions at Nam A Bank. Photo courtesy of Nam A Bank |
The liquidity reserve ratio reached 20.4%, well above the SBV’s regulatory threshold, reflecting a cautious approach to liquidity management amid market volatility. The capital adequacy ratio (CAR) was maintained at over 11%, exceeding the SBV’s minimum requirement of 8% and aligning with Basel III standards. The bank also achieved full compliance with capital adequacy regulations under Circular 14/2025/TT-NHNN.
On Dec. 30, 2025, Nam A Bank successfully completed a public offering of VND1 trillion in bonds, which was fully subscribed by nearly 300 investors. In the first quarter of 2026, the bank plans to issue an additional VND1 trillion under the NAB202502 bond tranche, completing the total approved bond issuance of VND2 trillion.
Funds raised from long-term bond issuance are expected to strengthen medium- and long-term capital, enhance Tier 2 capital, and support the maintenance of a high CAR. These measures are intended to improve the bank’s capital buffer, reinforce financial resilience, and support future growth and service expansion.
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