ACB wins six prizes for Vietnam’s best bank in 2009

VNStockNews.com - On November 30, the Asian Commercial Joint Stock Bank (ACB) officially received the prize for Vietnam’s best bank in 2009 by the Euromoney Magazine of the UK.

ACB is Vietnam’ first bank which won a total of six prizes for the best bank selected by international organisations. This affirmed ACB’s status as the leading commercial bank with sustainable growth and strong prestige in the world’s financial and banking sector within the context of fluctuations in the monetary and credit markets.

Criteria for wining the prizes include high transaction turnover, leadership capacity, level of confidence, the quality of assets, profits and operational efficiency.

Over the past 16 years, ACB has secured its position as Vietnam’s leading commercial bank, which always maintains a sustainable and high growth rate, two or 2.5 times higher than the common growth rate of the whole banking sector. ACB has a total chartered capital of VND 7705.75 billion with more than 24,0000 shareholders.

ACB’s total assets rank fifth of Vietnam’s banking system, accounting for 10 percent of the country’s market share of saving mobilization, more than 57 percent of international credit card holders and a major market share of Western Union money transfer service in Vietnam.

ACB provides customers with more than 200 banking products and operates nearly 230 branches in many key areas for socio-economic development throughout the country.