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Banking & Finance

Nam A Bank named "Vietnamese Excellent Brand"

Released at: 10:24, 23/04/2018 What's on

Nam A Bank named "Vietnamese Excellent Brand"

Miss Universe Vietnam 2017 H’Hen Nie at Nam A Bank’s Head Office.(Photo from Nam A Bank)

Bank wins award from Vietnam Economic Times for fourth year in succession.

by My Van

Vietnam Economic Times hosted a ceremony announcing the winners of the 15th “Vietnamese Excellent Brands 2017” awards at the JW Marriott Hotel Hanoi on April 14, recognizing and honoring local businesses for their contributions to Vietnam’s economy, excellent business performance, and strong competitiveness during the era of international integration. Nam A Bank was again honored as a “Vietnamese Excellent Brand 2017” for its accomplishments in the voting criteria, such as business performance, high quality products and services, brand value, and human resources, etc. Receiving such a prestigious award for the fourth year in a row reaffirms Nam A Bank’s position in Vietnam’s financial market.

2017 marked Nam A Bank’s development over a quarter of a century. In light of many positive changes in the economy, the bank takes the lead in capturing opportunities to promote its business, secure sustainable growth, and strictly follow its pre-defined plans. To this end, as at December 31, 2017, the bank’s total assets had increased 27.2 per cent since the beginning of the year and mobilized capital was up 22.6 per cent. Loans were under sound control, with doubtful debts accounting for just 1.12 per cent. The bank’s profit in 2017 was 565 per cent of its target, revealing excellent growth during the year.

In terms of products and services, Nam A Bank has continuously operated under a philosophy of “Always putting customers at the center of its operations”, with a focus on providing individual and corporate customers with financial solutions they need rather than purely providing them with what the bank has. Nam A Bank has rigorously promoted its partnership network over the last year, with the aim of diversifying its products and services, for example by delivering bancassurance products from the FWD Vietnam Life Insurance Company and issuing Nam A Bank-JCB credit cards and international debit cards. All serve to maximize the benefits and experience of customers of Nam A Bank.

Human resources development for sustainable development is also an important objective at Nam A Bank. In early 2018, the bank boldly recruited up to 1,000 people to fill various vacancies ranging from bank clerks to managers working across the entire system. The recruitment of such a huge team implies that the bank is ready to take a leap forward in order to realize its objective of organizational scaling up and business expansion in the time to come.

Nam A Bank is also known as a brand that is closely linked with community and social activities. Since 2011, its “Recall the original point - Drive towards the future” program has been actively delivered and jointly implemented with many practical charity activities that bring love to people living in difficult conditions around the country and symbolize the meaning of courage and love in our daily life.

Being recognized as a “Vietnamese Excellent Brand” truly reflects Nam A Bank’s efforts in its course of development that make available useful and superior financial solutions, building up customer trust as well as bringing them and their families happiness and prosperity.

The bank’s second restructuring phase started this year and it has been actively implementing its retail banking strategy through three focal-point projects: Digital Banking, Microfinance, and Telesales, driving towards scaling up its business activities and improving its business performance. It is also intensively working on efficient financial solutions that seek to address the difficulties faced in the bank and its corporate lending relations, thereby promoting business and staying abreast of national development during international integration.

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