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.
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.
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.
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...
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.
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.
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.
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.
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.
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.