External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Asia Commercial Bank/Vietnam / Equity Bottom-Up

<ul><li>Asia Commercial Bank (ACB) saw a rebound in total assets in 2Q24, reaching VND769.7tr (US$31.4bn), a 7.1% increase YTD, significantly higher than the 1.2% growth recorded at end1Q24.</li><li>The strongest asset growth came from the loan portfolio, which surged by 12.8% YTD to VND550tr (US$22.5bn). In contrast, securities grew by a modest 3.1% YTD, while interbank assets fell by 8.2% YTD.</li><li>Retail banking (+12.3% YTD) and SME lending (+7.2% YTD)lagged behind large corporate loans, which jumped 37.6% YTD.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Asia Commercial Bank (ACB) saw a rebound in total assets in 2Q24, reaching VND769.7tr (US$31.4bn), a 7.1% increase YTD, significantly higher than the 1.2% growth recorded at end1Q24.The strongest asset growth came from the loan portfolio, which surged by 12.8% YTD to VND550tr (US$22.5bn). In contrast, securities grew by a modest 3.1% YTD, while interbank assets fell by 8.2% YTD.Retail banking (+12.3% YTD) and SME lending (+7.2% YTD)lagged behind large corporate loans, which jumped 37.6% YTD.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asia Commercial Joint Stock Bank - Safe Harbour in a Storm