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Vietnam Best Bank: Asia Commercial Bank

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand Asia Commercial Bank (ACB) is Vietnam’s fourth-largest bank, with $1.5 billion of assets but it is the largest joint stock banks and as such is one of the best run. Management controls more than one-third of the outstanding stock, with several institutional shareholders holding much of the balance. Standard Chartered Bank acquired a 8.56% stake for $22 million in 2005.

ACB operates a full-service bank with retail, commercial and corporate services but with particular expertise on consumer and SME banking. ACB operates from 61 branches and offices across Vietnam.

In the 2005 fiscal year, ACB earned a net interest margin of 2.8%, a return on average assets of 1.5% and a highly creditable return on average equity of 30.1%. ACB also operates with the lowest cost-income ratio of the largest Vietnam banks. The non-performing loan ratio was 0.4% of assets and the capital adequacy ratio was 9.4% as at fiscal end 2005.

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