Asia Commercial Joint Stock Bank - Company Profile
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Asia Commercial Joint Stock Bank (ACB) is a provider of retail and business banking solutions. Its offerings comprise a range of accounts and deposit services such as current, savings, term, and foreign currency deposits; credit, debit, and prepaid cards; bancassurance; loans for personal needs, working capital, mortgage, project funding, and other business financing; private banking; and services including merchant services, foreign exchange, remittance, import and export finance, fiduciary services, cash management, letter of credit, and online banking services, among others. ACB offers investment management solutions including asset management, fund management, investment consultancy, and securities trading solutions. The bank caters to the financial needs of individuals, corporates, and SMEs through its branches and sub-branches spanned across Vietnam. ACB is headquartered in Ho Chi Minh City, Vietnam.
Headquarters
Vietnam
Address
442 Nguyen Thi Minh Khai, Phuong 05, Quan 3, Ho Chi Minh, Ho Chi Minh City
Website
www.acb.com.vn
Telephone
84 8 39290999
No of Employees
13,404
Industry
Financial Services
Ticker Symbol & Exchange
ACB (HCM)
Revenue (2023)
$2.6B
29.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
17.2%
(2023 vs 2022)
Market Cap*
$4.1B
Net Profit Margin (2023)
XYZ
-9.6%
(2023 vs 2022)
* As of and is in US$
Asia Commercial Joint Stock Bank premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Deposits and Accounts: | Foreign Exchange and Remittance | ACB |
| Current Accounts | Mobile Banking | |
| Savings Accounts | Internet Banking | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In October, the company launched the new headquarters of Nguyen Huu Canh Transaction Office in Ho Chi Minh, Vietnam. |
| 2023 | New Products/Services | In August, the bank introduced Apple Pay to customers. |
| 2023 | New Products/Services | In May, the company launched payment features through Google Wallet. |
Competitor Comparison
| Key Parameters | Asia Commercial Joint Stock Bank | Joint Stock Commercial Bank for Investment and Development of Vietnam | Joint Stock Commercial Bank for Foreign Trade of Vietnam | Saigon Thuong Tin Commercial Joint Stock Bank | Saigon - Hanoi Commercial Joint Stock Bank |
|---|---|---|---|---|---|
| Headquarters | Vietnam | Vietnam | Vietnam | Vietnam | Vietnam |
| City | Ho Chi Minh | Hanoi | Hanoi | Ho Chi Minh | Hanoi |
| State/Province | Ho Chi Minh City | - | Ha Noi | - | Ha Noi |
| No. of Employees | 13,404 | 28,836 | 23,510 | 18,494 | 6,516 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tran Hung Huy | Chairman | Executive Board | 2012 | - |
| Nguyen Thanh Long | Vice Chairman | Executive Board | 2013 | - |
| Dam Van Tuan | Executive Vice President; Director | Executive Board | 2012 | - |
| Tu Tien Phat | President; Chief Executive Officer | Senior Management | 2022 | - |
| Duong Thi Nguyet | Chief Accountant | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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