Established in 1997, after 12 years of operation and development, ACB is always steady in their view: “sold what customers need, not what the bank has”.
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| Model of ACB office, Khanh Hoa Branch. |
Established in 1997, after 12 years of operation and development, ACB is always steady in their view: “sold what customers need, not what the bank has”. ACB has granted loans to buy houses, household facilities study overseas... to meet the requirements of customers and has a great influence on the economy. Thanks to information and technology advance, ACB is in the vanguard to perform online operation and issue visa credit cards, master-cards, call center 247…in order to satisfy modern and diversified needs of customers.
Mr. Ly Xuan Hai, General Director of ACB said that with the target to become a retail bank, ACB was always the first to launch new products. ACB have careful studies on the base that every product must suit customers’ profits. Especially, ACB has paid the most attention on the training of people. Therefore, over the past 12 years, ACB has developed steadily and fast. ACB owns the most assets among Vietnam State Banks and brought the most benefits to share holders. By November, 2005, the total assets of the bank has been valued at 20,575 billion VND, a total mobilization at 20, 709 billion VND, loan balance at 8,597 billion VND, pre-tax profits at more than 322 billion VND with 215,000 customers involved in deposit account transaction.
The outstanding feature of ACB since the beginning of the year is that Standard Chartered Bank has become a strategic share holder. ACB becomes the first Vietnam’s bank to be given permission by the Government and the State Banks to let a foreign credit organization to join capital in stocks. At the beginning of September, in London, Britain, ACB was awarded by the magazine The Banker the prize “Bank of the Year 2005 Vietnam” (The best bank in Vietnam in 2005). It becomes the first Vietnam’s stock bank to receive this honorable prize. Also, ACB has won the prize for the excellent international payment service in 2005. ACB has achieved higher position on the financial market in Vietnam.
On the occasion of 1st anniversary of the establishment of Khanh Hoa Branch, ACB has just started the construction of a new office of Khanh Hoa Branch at 80 Quang Trung, Nha Trang City with a capital of more than 15 billion VND, an area of 2,430m2 including 8 stories and an underground storey.
After one year of operation, the mobilized capital of Khanh Hoa ACB reaches 200 billion VND with a loan turnover of 150 billion VND and import-export payment turnover of 15 million USD. Among more than 3,000 customers with transaction accounts, over 500 are involved in credit transaction. Currently, ACB Khanh Hoa is the first rank agent to provide fast money transfer service.
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