Asia Commercial Bank: Update following rating action
Our credit view of Asia Commercial Bank, reflecting its stable asset quality, comfortable funding, sound liquidity and solid profitability, which will strengthen the bank's capitalization.Asia Commercial Joint Stock Bank (ACB) is a Vietnam-based financial institution. The Bank provides consumer and corporate commercial banking services, including deposits, corporate and consumer lending, as well as trade financing. It is also involved in capital and money markets at interbank level, along with treasury activities, commodities financing and international clearing and settlement. Through its subsidiaries and affiliates, the Bank provides investment banking services, such as securities brokerage, custody and underwriting services, along with corporate advisory services. Other activities include gold bar manufacturing and asset management.
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