Vietnam 

ACB becomes seventh bank to meet Basel II standards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The central bank has allowed ACB to apply Basel II from this month. Photo ACB HÀ NỘI — The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Việt Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to seven. According to the SBV’s decision, all of ACB’s activities have started to follow Circular 41/2016-TT/NNNN regulating the application of Basel II standards since this month. Basel II is the second…

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Vietnam 

ACB to offload shares at 65-year old ice-cream company – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A Thủy Tạ restaurant in Hà Nội. Asia Commercial Bank has registered to sell its entire stake at Thủy Tạ Joint Stock Company. – Photo cafef.vn Viet Nam News HÀ NỘI — Asia Commercial Bank (ACB) has registered to sell its entire stake at Thủy Tạ Joint Stock Company (TTJ), a 65-year-old ice-cream company in Hà Nội. Accordingly, ACB would sell 300,000 shares of TTJ, equivalent to 10 per cent of TTJ’s charter capital. At TTJ’s price of VNĐ38,600 (US$1.7) per share traded on Tuesday, ACB would collected…

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Vietnam 

ACB may sell treasury shares to raise capital: HSC – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Asia Joint Stock Commercial Bank (ACB) plans to propose shareholders approve its plan to sell 41.4 million treasury shares to raise charter capital. — Photo ACB Viet Nam News HÀ NỘI — Asia Joint Stock Commercial Bank (ACB) plans to sell treasury shares to raise charter capital in 2019. According to the bank’s financial report 2018, there are 41.42 million treasury shares at present. HCM City Securities Corp (HSC) said in a recent note that the bank will likely sell those treasury shares to improve its…

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Vietnam 

ACB to issue $96.6m in unconvertible bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers at a Asia Commercial Bank’s office. The bank has planned to raise VNĐ2.2 trillion from the second round of uncovertible bond issuance, which is expected to complete by the end of 2018. — Photo tinmoi.vn Viet Nam News HÀ NỘI — The Asian Commercial Joint Stock Bank (ACB) on Monday announced a plan to issue VNĐ2.2 trillion (US$96.6 million) worth of non-convertible bonds by the end of 2018. The to-be-issued 2,200 bonds would mark the bank’s second issuance round this year. The bonds will mature in…

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