The Asia Commercial Bank (ACB) was recently honoured with the “Most improved retail bank in Asia Pacific 2015” award by the prestigious Asian Banker Magazine.

Selection criteria were based on outstanding performance and breakthrough developments in the fields of operation process, product development, risk management and IT.

ACB was the only bank to receive the award in the Asia-Pacific region.

In 2014, the bank’s total assets exceeded 179 trillion VND (8.5 billion USD), up 8% from 2013, and total pre-tax profits reached 1.2 trillion VND (57.6 million USD) a 17% rise from previous year.

Other indexes have shown improvement; the bank’s bad debt ratio decreased considerably from 3.1% in 2013 to 2.2% in 2014.

The bank’s Capital Adequacy Ratio (CAR) reached 14% compared to the minimum ratio of 9% required by the State Bank and the Loan-Deposit Ratio (LDR) was 75.2%.

ACB is one of the leading joint stock commercial banks in Viet Nam. Founded in 1993, the bank now has over 350 transaction offices nationwide with nearly 10,000 employees.