The State Bank of Vietnam (SBV) is assessing the performance of Asia Commercial Bank (ACB) and 26 other banking institutions in the country in the wake of banking sector problems. ACB and the companies that are doing business with it are under review, Dang Thanh Binh, deputy governor of the central bank. SBV is evaluating ACB’s situation and will clarify all issues pertaining to the partner enterprises... 

Tran Hung Huy has just been named board chairman of Asia Commercial Bank (ACB) to replace Tran Xuan Gia, who together with two other board members Trinh Kim Quang and Le Vu Ky officially resigned during the bank’s meeting on Tuesday. Huy’s new post was clarified by the bank in notices sent to the State Bank of Vietnam (SBV) for approval, and to the Hanoi stock market where the bank is listed. According... 

Asia Commercial Bank (ACB) has resumed normal operations and the banking system remains safe, stated Governor Nguyen Van Binh of the State Bank of Vietnam (SBV). Citizens rushed to withdraw their deposits from ACB from Tuesday to Thursday last week, following the arrest of ACB founder Nguyen Duc Kien and then general director Ly Xuan Hai. However, cash withdrawals significantly decreased on Friday... 

Asia Commercial Bank (ACB) on Wednesday paid a total of VND5 trillion for clients withdrawing their deposits prior to maturity, but the bank’s leader stated ACB would keep operating with sustainable financial capability. Do Minh Toan, deputy general director of ACB who now serves as caretaker CEO, said the bank on Tuesday had mobilized VND3 trillion worth of government bonds from the open market... 

ACB remains stable and has abundant cash for withdrawal: Toai HCMC – The central bank on Tuesday pumped trillions of Vietnam dong into Asia Commercial Bank (ACB) to help it cope with massive cash withdrawals after former ACB vice chairman Nguyen Duc Kien had been arrested the previous night. Huge stacks of money delivered The central bank’s branch in HCMC on Tuesday provided ACB with trillions... 

Asia Commercial Bank, or ACB, has set aside VND5 trillion worth of preferential loans for customers having demands to buy real estates. The loans aim to support local customers or Vietnamese overseas to buy houses, condos, warehouses, factories, farming or forestry land. ACB will provide loans of up to 99% of the value of the real estates while borrowers are subject to lending rate of 14.5% per... 

Vietnam’s arrest of Nguyen Duc Kien, the founder of several banks, triggered the largest stock market drop in almost four years and highlighted investor concern about the vulnerability of the country’s financial system. Kien, 48, the founder of banks including Asia Commercial Bank (ACB) and Kien Long Bank, was arrested by police yesterday, the central bank said in a statement on its website... 

Asia Commercial Bank (ACB) and Prévior Vietnam Life Insurance Company have struck a deal to provide a free high-class health insurance product for 100 high-profile clients. The product is offered for 100 customers who have the highest transaction revenues at ACB and meet requirements of the insurer. The product enables them to reach one-year treatment in Vietnam, Thailand, France and Germany with... 

Commercial banks are striving to applying several risk control measures, essentially improving credit quality and reducing bad debt, as they confront a worsening problem with non-performing loans. The problem of non-performing loans turning into dead loans is predicted to worsen this year, when enterprises face more difficulties in carrying out their production and business operations. A senior official... 

Asia Commercial Bank (ACB) has announced to provide VND7 trillion worth of preferential loans for individual customers within this year. The program targets individuals, business households, small and medium-sized firms and those with house buying demands. To realize this target, ACB from late last week cut its average lending rate by up to 1.5 percentage points per annum compared to early this...