Nam A Bank honored with awards for Excellence in Risk Management Bank Vietnam 2021

Nam A Bank received the international award for Excellence in Risk Management Bank Vietnam 2021

After nearly 5 years of restructuring operations and implementing many drastic changes in business activities, scale, and network, Nam A Bank has grown significantly, and Nam A Bank is also a pioneer in fulfilling risk management standards. Risk according to Basel II and is one of the early banks to continue orienting to build and apply management standards according to Basel III in the coming 2022.

Recognizing these efforts, Nam A Bank has just been honored by International Business Magazine and awarded \”Excellence in Risk Management Bank Vietnam 2021\”.

This is an achievement not only in 2021 with many difficulties when heavily affected by the Covid 19 pandemic, but also the result of the process of striving, accumulation, and right orientation from the Bank\’s Board of Directors for with risk management during nearly 30 years of construction and development of Nam A Bank.

With the right orientation and the initiative, innovation, and enthusiasm of Nam Bank\’s staff, in the past two years, despite the pressure from the Covid-19 epidemic, the Bank has promptly innovated in accordance with the current situation. new context and risk management activities at Nam A Bank achieved many good results.

The evidence is that in addition to practicing and complying with Basel II standards, Nam A Bank also maintains Moody\’s credit rating at B2 and a \”stable\” outlook. Simultaneously, Nam A Bank makes risk management highly adaptive to the drastic changes in the banking and finance industry when applying 4.0 technology along with business activities and is a pioneer bank in digital transformation.

Digital exchange: The first bank to put Robots into transaction service, application to open payment accounts through eKYC electronic identification method, digital credit cards, use AI applications in customer appraisal, banking The first bank to withdraw money from all banks via QR code when deploying the VTM OneBank digital banking ecosystem (2021).

Risk management activities catch up and effectively and safely serve the key business products that Nam A Bank has deployed and have been well received by the market in recent years, more importantly, maintaining safety and peace of mind for customers, maintaining the continuity and stability of the banking system.

A representative of Nam A Bank said: “With a solid foundation of professional risk management, extensive application of information technology and associated with Nam A Bank\’s digital transformation strategy, the risk management system Nam A Bank\’s risk will always be at the forefront of proactive, quality and effective support for the success of the Bank and the excellent service quality that Nam A Bank has and will always offer to customers.\”

A solid risk management framework and transparent operations will create the foundation for Nam A Bank to expand its business activities sustainably and effectively. With the current foundation, Nam A Bank firmly believes in successfully implementing the next 5-year business plan 2021-2025 and soon realizes its goal of becoming one of the leading retail banks in Vietnam.

Nam A Bank received a series of domestic and foreign awards

Besides that, Nam A Bank has just received many prestigious awards from domestic and foreign organizations such as Best New Digital Bank Vietnam 2021 and Outstanding Bank For The Community Vietnam 2021 organized by International Business Magazine.

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