2022: ACB Outstanding growth scale, bad debt ratio below 1% for 7 consecutive years

(HCMC) - Overcoming many challenges, ACB ended 2022 with a consolidated pre-tax profit of VND 17.1 trillion, reaching 114% of the year plan; credit reached 413.7 trillion dong, up 14.3% and deposits reached 414 trillion dong, up 9% compared to 2021. ACB continued to be the bank with the leading ROE ratio in the market with 26.5%.

Along with sustainable growth in profit, ACB continues to affirm its strength in outstanding asset quality when its bad debt ratio is only 0.74% - among the lowest in the banking industry. In particular, ACB has maintained the bad debt ratio at a low level of less than 1% continuously for the past 7 years, the bad debt coverage ratio continues to remain at a high level, above 155%. Besides, ACB is also a rare bank in the market with a very safe bond portfolio, including only government bonds and bonds of other credit institutions, no corporate bonds.

ACB is also rated as the bank with the leading international standard risk management model when it completes BASEL III and ILAAP in 2022. In the context of the banking industry having many fluctuations in liquidity, interest rates during the year. In the past, ACB still ended the year with all very good liquidity ratios. Specifically, the LDR ratio reached 78%, the ratio of short-term capital for medium and long-term loans was only 20%. By the end of 2022, ACB's capital adequacy ratio and individual tier 1 capital adequacy ratio reached 12.2% and 12.8% respectively, far exceeding the SBV's minimum requirement of 8% and sufficient capital buffer reserve. safe for normal operating situation and also in times of market stress.

By implementing strong digital transformation, bringing convenience to customers as well as applying to digital banking products/services portfolio, ACB reaches more customer segments and promotes online transaction sales. 60% increase. In the past year, ACB also welcomed more than 1 million new customers.

Entering 2023, ACB will continue to accelerate digitalization to deliver an excellent customer experience journey along with a prudent risk management strategy. In addition to investing in technology infrastructure, this bank also attaches special importance to the human factor, ACB representative, Mr. Tu Tien Phat, General Director said: “We are drastically changing our thinking and culture. internalize in the direction of digital transformation, thereby jointly mastering technology and creating products that bring success to customers.”