acb approved to increase capital by paying dividend by stock

ACB approved to increase capital by paying dividend by stock

Approved by the State Bank of Vietnam (SBV), Asia Commercial Joint Stock Bank (ACB) plans to issue more than 374 million shares to increase its charter capital by VND3.74 trillion ($162.6 million) to reach VND16.6 trillion ($721.74 million).
apple recalls macbook pros over battery fire risk

Apple recalls Macbook Pros over battery fire risk

Apple has recalled a number of its older generation MacBook Pro because their batteries may overheat and "pose a fire safety risk."
efg hermes teams up with asia commercial bank securities of vietnam

EFG Hermes teams up with Asia Commercial Bank Securities of Vietnam

EFG Hermes, a leading financial services corporation in frontier emerging markets, signed a partnership agreement with Asia Commercial Bank Securities (ACBS) of Vietnam, allowing the company's clients to receive on-ground access and intelligence to trade on some of Asia's most compelling capital markets.
financial experts urge caution against dollar loans

Financial experts urge caution against dollar loans

Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.
moodys upgrades rating of four banks in vietnam

Moody’s upgrades rating of four banks in Vietnam

Moody’s Investors Service has upgraded the long-term local currency deposit and local- and foreign-currency issuer ratings of ACB, MB Bank, and Techcombank from B2 to B1, while affirming the long-term local and foreign-currency deposit and issuer ratings of VPBank at B2 and upgrading its BCA to b2 from b3.
standard chartered quits acb

Standard Chartered quits ACB

Two big shareholders of Asia Commercial Joint Stock Bank (ACB), Standard Chartered APR Limited and Standard Chartered Bank (Hong Kong) Limited, have just sold a total of 154 million ACB shares and gained over VND6 trillion ($264.3 million) in proceeds.
analysis basel ii bank performances

Analysis: Basel II bank performances

Updated financial reports coming from nine out of 10 banks, consisting of Vietcombank, Vietinbank, BIDV, VIB, ACB, Techcombank, VPBank, MB, and Sacombank (leaving Maritime Bank out of the list as its latest reports were dated 2015) that are to implement Basel II requirements by 2018, showed that the percentage of income generated by banks arose chiefly from credit activities.
banks to guarantee sacomreal property projects

Banks to guarantee Sacomreal property projects

Saigon Thuong Tin Real Estate Co. (Sacomreal) signed agreements with OCB, ACB and HDB banks on Sunday to guarantee its property projects, following Article 56 of the Law on Real Estate Business, which will take effect on July 1.
bank finance firm mergers to pick up speed

Bank, finance firm mergers to pick up speed

The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year.
updated friday mar 13 2015 0401 pm

Updated: Friday, Mar 13, 2015 04:01 PM

The Asia Commercial Bank (ACB) reported a pre-tax profit of VND1.22 trillion (US$58.10 million) and an after-tax profit of VND951 billion ($45.29 million) in 2014.
former banking tycoons 30 yr jail sentence upheld

Former banking tycoon's 30-yr jail sentence upheld

The 30-year jail term awarded six months ago to Nguyen Duc Kien, former Vice Chairman of the Asia Commercial Bank (ACB) Founding Council, was upheld by the Ha Noi Court of Appeals yesterday.
hanoi court sentences former acb chairman kien to 30 years

Hanoi court sentences former ACB chairman Kien to 30 years

Asia Commercial Bank (ACB) co-founder and former deputy chairman Nguyen Duc Kien and his accomplices have received the final verdict from the Hanoi People’s Court.
trial of former acb bank official reopens

Trial of former ACB bank official reopens

The Hanoi People’s Court reopened the trial of Nguyen Duc Kien, former vice chairman of the founding council of the Asia Commercial Bank (ACB) on May 20, after it was postponed due to the absence of one of his alleged accomplices.
four former bank officials related to acb scandal arrested

Four former bank officials related to ACB-scandal arrested

Four former officials of Asian Commercial Joint Stock Bank (ACB) were all arrested on Wednesday for their involvements in a serious financial case uncovered at the bank in 2012.
tycoon nguyen duc kien stands trial

Tycoon Nguyen Duc Kien stands trial

Tycoon Nguyen Duc Kien, former vice chair of ACB Bank, is in court today facing charges of major crimes that caused huge losses to a local bank.