ACB receives the award for the best risk management bank in Vietnam 2022

(HCMC) - Vietnamese banks are increasingly making efforts to meet international standards, especially focusing on improving governance efficiency for safer operations. ACB – a bank with 30 years of experience, has demonstrated its extremely effective risk management model when successively achieving many prestigious certificates from international organizations. On March 16, at Lotte Hotel Hanoi, this bank was honored by The Asian Banker in the category "Best Enterprise Risk Management In Vietnam" - The best risk management bank in Vietnam 2022.

Established in 1996, The Asian Banker is Asia's leading rating and rating agency in the financial sector. In 2022, The Asian Banker detailed the performance performance of more than 100 retail financial institutions in the region according to specific criteria.

The Asian Banker highly appreciates ACB for its outstanding advantages in risk management model, which has a positive impact on banking performance. Specifically, the international credit rating agency Fitch Ratings has upgraded ACB's Government Support Rating (GSR) from "b" to "b+" and confirmed the long-term debt issuer rating (Long term IDR). ) at BB- thanks to ACB's risk management strategy, with better asset quality than the industry as a whole. ACB has maintained its bad debt ratio (NPL) at less than 1% for 7 consecutive years and the bad debt coverage ratio has always been high, reaching 159% at the end of 2022. Capital adequacy ratio increased from 11.2 % (in 2021) to 12.8% (in 2022), much higher than the level prescribed by the State Bank. It can be seen that ACB has always maintained a tight risk appetite, which is sometimes considered quite conservative but extremely effective.

Being cautious in operations has helped ACB respond quickly to short-term risks, better orientate risks in the period from 03 to 05 years, and be able to assess the impact of possible changes. happen over the next 10-20 years. This is also the point where ACB is especially appreciated by The Asian Banker in the context of banking in Vietnam with many fluctuations.

Mr. Vo Van Hoang - Chief Risk Officer (CRO) - ACB's representative to receive the award also shared: "We always balance the goal of operational safety with the goal of business growth. Incorporating digitalization in the bank's risk management model and achieving some initial success.Application of data and modern technology in risk management to prepare for the future has always been central and inclusive. digitizing underwriting processes, using machine learning, managing model risks and other emerging risks...".