ACB selected VN's best bank in 2009

VGP - The Asia Commercial Bank (ACB) was conferred the title of Best Bank in Việt Nam in 2009 by Asiamoney, the most influential financial magazine in the Asia-Pacific Region.

June 18, 2009 4:00 PM GMT+7

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The award was decided on the basis of financial performance criteria, including profitability, growth rate, assets, charter capital, management capacity and prestige in the market.

This is the fourth time ACB has won such award, after 1997, 2006, and 2008, for its sustainable growth and prestige.

ACB is the fifth biggest bank in terms of total property in Việt Nam, holding 10% of the country’s savings marketshare and over 57% of the international credit card marketshare.

Through its 200 branches nationwide, the bank is providing customers with more than 200 basic products and about 600 utility products.

The ACB owns the over VND 6.3 trillion charter capital and more than 20,000 shareholders, 318 times higher than 16 years ago when the bank was first founded.

Earlier, the Bank was awarded the 2^nd-grade Labor Medal by the State President for its contributions to the financial banking sector and the national socio-economic development.

By Kim Anh