The Nam A Commercial Joint Stock Bank (Nam A Bank, HoSE: NAB) has officially signed a Mandate Letter for an international syndicated loan of up to $100 million, marking an important shift from bilateral to multilateral funding in financial markets.
Under the mandate, the bank has appointed the Union Bank of Taiwan (UBOT) and the Vietnam Joint Stock Commercial Bank for Industry and Trade, Germany Branch (VietinBank Filiale Deutschland) as Co-Arrangers of the syndicated loan.
The syndicated loan of up to $100 million is the next strategic step built on the bank’s existing foundation. As Co-Arrangers, UBOT and VietinBank Filiale Deutschland will connect and invite multiple international financial institutions to join a single transaction. By replacing individual negotiations with a syndication mechanism, Nam A Bank gains simultaneous access to a group of lenders diverse in both nationality and institutional type, thereby expanding the scale and global reach of its funding sources.
Nam A Bank will use the proceeds to supplement medium-term working capital for general business operations, with a focus on meeting the growing credit demand of corporate and individual customers. Expanding into the syndicated loan channel helps the bank diversify its investor base, optimize the tenor structure of its funding, and strengthen its resilience against financial market volatility.
“This first syndicated loan is a particularly meaningful milestone in Nam A Bank’s financial strategy,” said Mr. Vo Hoang Hai, Deputy General Director of Nam A Bank. “The willingness of international partners to join a single multilateral transaction reflects their growing confidence in the bank’s operational capabilities and development direction. It will serve as a foundation for us to continue diversifying our funding sources, serve the economy effectively, and stay true to our goal of sustainable development.”
“We are honored to accompany Nam A Bank in this landmark transaction,” said Mr. Denfer Hung, Senior Executive Vice President of UBOT. “Nam A Bank has demonstrated impressive growth, a solid financial foundation, and a clear strategic vision. Together with VietinBank Filiale Deutschland, we aim to connect Nam A Bank with a broader network of international lenders, supporting its next stage of development.”
Sharing this view, Mr. Tran Quang Huy, General Director of VietinBank Filiale Deutschland, emphasized: “This mandate demonstrates VietinBank Filiale Deutschland’s commitment to serving as a bridge that brings Vietnamese financial institutions to the international capital market. With our presence in Europe and deep understanding of the domestic market, we will work closely with all parties to help Nam A Bank optimize its funding and develop sustainably.”
This international syndicated transaction is part of Nam A Bank’s long-term roadmap to build a diversified, secure funding structure that approaches international standards. Alongside expanding its funding channels, the bank continues to advance its green finance strategy and to finalize its green bond framework.
The success of this first syndicated loan is expected to lay the groundwork for larger multilateral transactions in the future, positioning Nam A Bank as an effective financial bridge between international capital flows and the development needs of Vietnam’s economy.
Over its 34 years of development, Nam A Bank has established a solid and dynamic reputation in the international market through bilateral cooperation with numerous development finance institutions and impact investment funds, such as FMO (Netherlands), Proparco (France), and BlueOrchard, Symbiotics, SIFEM, and responsAbility (Switzerland).
Since the beginning of 2026, the total value of bilateral loans signed by the bank has reached $350 million. This series of agreements not only secures a stable source of medium to long-term funding but also affirms Nam A Bank’s governance capability, transparency, and commitment to sustainable development under demanding international standards.
Nam A Bank was recently recognized for the first time on the list of the 50 largest listed banks in Southeast Asia by financial performance, ranking 10th in the region. The ranking was from S&P Global Market Intelligence, based on fiscal year 2025 data.
About Union Bank of Taiwan (UBOT)
UBOT is one of the first private banks in Taiwan (China), founded in 1992 and listed on the Taiwan Stock Exchange since 1998. As of the end of 2025, UBOT’s total assets stood in excess of $30 billion, with net profit growing by nearly 78 per cent year-on-year. In addition to a network of about 90 branches in Taiwan (China), UBOT is expanding its operations in Vietnam and Hong Kong (China) and owns a diverse financial ecosystem. In Vietnam, UBOT has extensive experience arranging and participating in international financing for leading financial institutions and enterprises.
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