Mr. Do Minh Toan officially became the Chairman of ACB Securities Company
(HCMC) Today, June 30, 2022, the Board of Directors of Asia Commercial Joint Stock Bank (ACB) officially appointed Mr. Do Minh Toan to assume the position of Chairman of the Members' Council of Securities Company Limited. ACB (ACBS) aims to continue the success of its predecessor and reshape the growth path of ACBS in the near future.
Mr. Do Minh Toan joined ACB Group in 1995 and has held many key and important positions in the group. In August 2012, he was appointed to the position of General Director of Asia Bank. After more than 9 years of operation, ACB has become one of the leading retail banks in Vietnam with an annual profit growth of nearly 50%, and a continuous bad debt ratio among the lowest in the industry.
Currently, Mr. Toan is appointed to the position of Chairman at ACBS with many ambitions to invest and vigorously implement a series of new innovations in the digital age; focus on developing modern information technology resources in order to build a quick and convenient transaction system for customers.
With the cross-cutting criteria from ACB Group - Customer-centric, Mr. Toan prioritizes building a lean and efficient human resource organization, focusing on improving customer experience in distribution channels such as branches. and ACBS transaction offices nationwide. He is also planning to cooperate with the Parent Bank to develop many product segments corresponding to the diverse investment needs of customers.
In addition to appointing Mr. Toan to the position of Chairman of the Board of Directors, the Board of Members of ACBS also had some changes, Mr. Nguyen Duc Thai Han continued to accompany ACBS with the position of Vice Chairman and appointed Mr. Huynh Duy Sang. (former Acting General Director) is a new member of the Board of Directors.
Previously, with the leadership of the previous management, ACBS's business results in the first quarter of 2022 were very positive with operating revenue of 452.6 billion dong, up 53.3% over the same period last year. 2021. Pre-tax profit reached VND 189.1 billion, up 84% over the same period in 2021. ACBS's impressive business results mainly came from core activities such as brokerage, margin lending and self-employment. In which, brokerage revenue grew by 35% to VND 133 billion, profit from margin trading increased by 74% to VND 103.8 billion, and profit from financial assets through profit/loss. FVTPL) grew by 63%, reaching VND 191.3 billion.
In the past time, ACBS has successfully completed and applied technology to launch new trading platforms and services. Specifically, in October 2021, ACBS launched the S-eyes online account opening service using eKYC identification technology. In addition, ACBS also further developed eSIGN technology (electronic signature according to the most advanced technology available today) to complete the registration process for customers' online securities accounts. In 2022, the company is gradually completing the new, more modern ACBS Mobile Trade system with an optimized interface to gradually replace the old trading application to help customers operate smoother as well as manage assets more effectively. when investing. This is in line with the reality and needs of investors in the rapidly growing digital platforms, and helps ACBS to attract nearly 3,800 new accounts, contributing to the number of more than 11,000 new accounts opened in the year. 2021, trusted and responded by customers.
ACBS Securities Company was established on June 29, 2000, with 22 years of establishment and development and inherited the strength of financial potential as well as customer base from Asia Commercial Joint Stock Bank (ACB), ACBS is always proud to be a securities company with a wide range of financial products to serve the diverse needs of customers with an efficient trading system.