ACB receives VN’s strongest bank award

This is the first time the Asian Banker has granted the strongest bank award to a Vietnamese bank. At the same time, ACB’s CEO Lý Xuân Hải received the Asian Banker Leadership Achievement Award 2010.

The strongest bank ranking is predicated on the following qualities: a superior domestic franchise under the leadership of the chairman or CEO; strong commitment to domestic customers at the product and service levels; strong governance structure at both the board and management levels under the leadership of the chairman or CEO recognized in the Leadership program; the ability to execute on strategy and respond to changes in the marketplace; and leading towards a stable and long term commitment to all shareholders.

ACB is striving to become one of three biggest financial and banking groups in Việt Nam by 2015.

 

Now, it is the 5^th biggest bank in terms of total assets, and accounts for 10% of mobilized capital, over 57% market share of international credit cards, and a lion’s share of Western Union’s money transfer service in Việt Nam.