Introduction

Asia Commercial Bank (ACB) is a Vietnam-based financial institution. The Bank provides consumer and corporate commercial banking services, including deposits, corporate and consumer lending, as well as trade financing. It is also involved in capital and money markets at interbank level, along with treasury activities, commodities financing and international clearing and settlement. Through its subsidiaries and affiliates, the Bank provides investment banking services, such as securities brokerage, custody and underwriting services, along with corporate advisory services. Other activities include gold bar manufacturing and asset management. As of December 31, 2010, the Bank had four wholly owned subsidiaries and two affiliates.

Business sector

  • Taking deposits in VND, gold and foreign currencies.
  • Providing credit and equity investment in VND, gold and foreign currencies.
  • Providing domestic and international payment, treasury services, remittance, bancassurance, other trade services
  • Trading foreign exchange and gold 
  • Issuing and effecting payment for credit, debit cards
  • property preservation services;
  • safety cabinet and safes for rent

History

Date of incorporation 20/04/1993
Certificate of registration number 0301452948
Date of issue 04/07/2022
Capital 33,774,350,940,000
Tax Code 0301452948
Sectors & Industries Banks > Banks

  • Asia Commercial Joint-Stock Bank (ACB) was established under the Permit No. 0032/NH-GP dated  April 24, 1993 by the State Bank of Vietnam and Establishment Permit No. 533/GP-UB dated May  13, 1993 by the People’s Committee of Ho Chi Minh City. ACB started operations on 04 June 1993.
  • In 1994, charter capital was adjusted to VND 70 billions 
  • In 1996: charter capital was adjusted to VND 341 billions 
  • In 2000, ACB Securities (ACBS) was established
  • In 2004, charter capital was adjusted to VND 481.138billions 
  • In 2005: Standard Chartered Bank (SCB) signed an agreement with ACB on a comprehensive technical assistance, and became ACB’s strategic shareholder. Charter capital was adjusted several times in 2005 and by Aug 23, 2005, it was VND 948.316 billions 
  • In 2006, ACB stocks were listed on Hanoi Securities Trading Center. On Feb 14th 2006:, charter  capital was adjusted to VND 1100.046560 billions. 
  • In 2007, ACB strongly expanded the branch network, with 31 new branches and sub-branches and set up ACB Leasing Company. Also, ACB succeeded in the issuance of 10 million shares worth VND 100 billion par value with proceeds of over VND 1,800 billion
  • As of Oct 8, 2008, ACB chartered capital was increased to VND 4,651,615 billion. The total nationwide branches and sub-branches have reached a number of 178.
  • According to the 21th adjustment of its business registration certificate on Dec 12, 2010, its charter capital was adjusted to VND 9.376.965.060.000 via isuing shares for existing shareholders.

Listing information

Date of listing 04/07/2022
Stock exchange HOSTC
Par Value 10,000
Initial Listing Price 26,400
Listing Volume 2,701,948,075
Total Listing Value 27,019,480,750,000

Management team

Trần Hùng Huy Chairman of the Board of Directors
Nguyễn Thành Long Vice-chairman of the Board
Hiep Van Vo Members of the Board
Đàm Văn Tuấn Members of the Board
Huang Yuan Chiang Members of the Board
Đặng Thu Thủy Members of the Board
Đinh Thị Hoa Members of the Board
Dominic Timothy Charles Scriven Members of the Board
Huỳnh Nghĩa Hiệp Board of internal controllers
Hoàng Ngân Member of the Board of Internal controllers
Phùng Thị Tốt Member of the Board of Internal controllers
Nguyễn Thị Minh Lan Member of the Board of Internal controllers
Từ Tiến Phát Chief of Executive Officer
Nguyễn Khắc Nguyện Deputy CEO
Nguyễn Thị Hai Deputy CEO
Đàm Văn Tuấn Deputy CEO
Bùi Tấn Tài Deputy CEO
Nguyễn Đức Thái Hân Deputy CEO
Nguyễn Văn Hòa Deputy CEO
Nguyễn Thị Tuyết Vân Deputy CEO
Nguyễn Văn Hòa Director of Finance
Matthew Martin Technical Director
Nguyễn Văn Hòa Chief Accountant
Đàm Văn Tuấn Representative Spokesman