In the financial market, a new factor is silently accumulating strength, creating internal resources and deploying potential customer ecosystems. Especially, this factor is ready for the roadmap to increase its chartered capital to seven trillion dong in 2019 and 10 trillion dong in 2020. That is the National Commercial Joint Stock Bank (NCB).
National Citizen Commercial Joint Stock Bank (NCB) is not a strange name, but it is not a hot development factor in the financial and banking market. However, this 24-year-old bank still chooses its business philosophy as “SpeedProfessionalismInnovationService Integrity”.
Accordingly, NCB has demonstrated the ability of Speed and Professionalism in each business and transaction with customers. Internally, NCB has built a team with full ethical qualities of InnovationServiceIntegrity to ensure operational efficiency, control and risk prevention, bringing customers the most dedicated and efficient service.
Practical activities have shown that NCB is taking strategic steps in the right direction. While in many banks, moral risks and business results are not high, NCB has just maintained stability and balance; has good business performance. Specifically, by the end of June 2019, NCB’s total charter capital was raised to over four trillion dong; total assets reached 70.696 trillion dong; mobilisation from customers was up to 57.886 trillion dong; customer loans achieved 36.261 trillion dong.
NCB also develops its strength in the Technology pillar. A series of digital banking projects have been implemented by NCB and achieved positive initial results such as: Izicard project is the basis for collaborative application with online business platforms; Chatbox Nira virtual assistant project to reduce human resources and create utilities for customers.
In addition, NCB has continuously expanded cooperation and customer ecosystem development such as: Signing a Memorandum of Understanding with members of the Singapore Business Federation on opportunities for development cooperation between NCB and the federation; signed with one of the five biggest housing credit organisations in Japan aiming to cooperate in many activities including investment, product and technology transfer, and deployment of a modern management model; Cooperation Agreement between NCB and Bac Ninh Province Development Investment Fund; signed Comprehensive Cooperation Agreement with PVI and Vietnam Business Association abroad.
Nguyen Tri Hieu briefly commented NCB had gathered enough strength to be ready for the development of the new period.
NCB leadership representative said the world was more vibrant and volatile, so the banking sector required high principles, practices and standards to ensure stability and development in that context. Therefore, NCB had long been preparing the conditions of a solid foundation to meet the rules of this playground.
Accordingly, the business philosophy and the three pillars of PeopleFinanceTechnology have allowed NCB to promote its strengths in many fields such as: Credit financing in various fields and industries in the economy such as Real Estate, Construction, Pharmaceuticals, Medical Equipment, Supply Services and Cars. At the same time, NCB also deploys a variety of products and services on the digital banking platform to customers including open online accounts, open online savings books, pay bills proactively and automatically and transfer money 24/7 on mobile applications. In parallel with effective operation, NCB focuses on building risk management system towards meeting international standards under Basel II.
Especially, the new and motivating factor for that market is NCB’s capital raising roadmap. Specifically, the bank has planned a strategy to increase its chartered capital to over seven trillion dong in 2019 and continued to increase to over 10 trillion dong by 2020.
With the strength accumulated with the existing capital raising roadmap and the governance and risk management system according to Basel II standards, NCB is expected to make a breakthrough to move to mid-sized banks to meet financial and banking services needs of the economy and international standards. This is also the factor that builds NCB’s trust with domestic and foreign investors, customers and partners.
