ACB expects pre-tax profit up 10 per cent this year

Wednesday, May 26, 2021

Asia Commercial Bank (ACB) expects its pre-tax profit this year up by more than 10 per cent compared to 2020, the bank announced at the Annual General Meeting of Shareholders in 2021 held recently.

ACB get nod to increase capital to over VND27 trillion

Monday, May 17, 2021

The State Bank of Viet Nam has given the green light for Asia Commercial Bank (ACB)  to increase itscharter capital by more than VND5.4 trillion (US$235 million), by issuing 540 million shares to pay dividends, equivalent to 25 per cent.

ACB get nod to raise charter capital

Wednesday, Aug 05, 2020

The State Bank of Viet Nam has approved Asia Commercial Bank (ACB)’s plan to raise its charter capital from VND16.6 trillion (US$721 million) to VND21.6 trillion.

Manulife ties up with ACB for bancassurance products

Monday, Sep 09, 2019

Life insurer Manulife Vietnam has tied up with Asia Commercial Bank (ACB) to sell bancassurance products.

Banks dominate corporate bond market in first seven months of 2019

Thursday, Aug 15, 2019

Banks have been the main player in the corporate bond market so far this year, with eight of the top 10 biggest issuers being financial institutions.

VietFund Management divests from ACB

Friday, Jun 28, 2019

The VietFund Management (VFM) will sell all its shares at the Asia Commercial Bank (ACB).

ACB becomes seventh bank to meet Basel II standards

Monday, May 06, 2019

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Việt Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule...

ACB to offload shares at 65-year old ice-cream company

Tuesday, Mar 19, 2019

Asia Commercial Bank (ACB) has registered to sell its entire stake at Thuy Ta Joint Stock Company (TTJ), a 65-year-old ice-cream company in Ha Noi.

Standard Chartered Bank ends 12-year partnership with ACB

Friday, Jan 12, 2018

Standard Chartered Bank (Hong Kong) has ended its “12-year marriage” with Asia Commercial Bank (ACB), offloading its entire holding of more than 154 million shares in the Vietnamese bank.

ACB hopes to end bad debts in 2017

Tuesday, Apr 11, 2017

Asia Commercial Bank (ACB) hoped to complete the handling of bad debts caused by six companies of former banking tycoon Nguyen Duc Kien by the end of this year, it said at the annual shareholders meeting on Monday.

Asia Commerical Bank expects 14% profit growth this year

Wednesday, Mar 30, 2016

The Asia Commercial Bank (ACB) plans to report a pre-tax profit of about VND1.5 trillion (US$66.7 million) this year, an increase of 14 per cent over last year.

Bank, finance firm mergers to pick up speed

Thursday, Apr 09, 2015

The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year.

ACB's net profit increases in 2014

Tuesday, Mar 03, 2015

The Asia Commercial Bank (ACB) has reported that its revenue and net profit last year were VND6 trillion ($285.7 million) and VND952 billion ($45.3 million), increases of 7.2 and 15.2 per cent over 2013''s numbers, respectively.

Former banking tycoon's 30-yr jail sentence upheld

Tuesday, Dec 16, 2014

The 30-year jail term awarded six months ago to Nguyen Duc Kien, former Vice Chairman of the Asia Commercial Bank (ACB) Founding Council, was upheld by the Ha Noi Court of Appeals yesterday.

State Bank housing plan may revive market

Monday, Oct 06, 2014

The State Bank of Viet Nam''s stated intention of instituting a new home loan programme has sparked a public debate in recent days.