ACB achieved a high credit rating thanks to its strong business position, stable capital profile, good profitability and cautious risk appetite.
ACB is ranked highest
Recently, the Credit Rating Council of FiinRatings – an independent and prestigious domestic credit rating agency – announced the results of the first credit rating for ACB as follows:
The long-term issuer credit rating is AA+ with a “stable” rating outlook.
With this result, ACB is currently ranked highest among banks that have been credit rated by domestic organizations, just 1 level below the highest score of AAA.
FiinRatings said this ranking is based on many strict evaluation criteria, ensuring transparency and independence in the evaluation steps.
ACB achieved a high credit rating thanks to its strong business position, stable capital profile, good profitability and cautious risk appetite.
In addition, the bank’s capital mobilization and liquidity capabilities are also expected to continue to benefit from the increase in highly stable capital sources, creating favorable conditions for credit growth and liquidity stability.
ACB is rated AA+ by FiinRatings with a “stable” rating outlook.
ACB is rated by FiinRatings from “suitable” to “very good”
ACB’s factors are rated by FiinRatings from “suitable” to “very good”, specifically:
Business position at “good” level, always maintaining the leading position in the group of leading private commercial banks in Vietnam, with a diversified business model as well as a high level of stability, supported by the development strategy and prudent management of the bank’s board of directors.
By the end of the second quarter of 2024, ACB is among the largest commercial banks in Vietnam with a market share of gross outstanding loans (VND 550,200 billion) and customer deposits (VND 511,700 billion).
Capital structure/leverage is assessed as “appropriate” based on the relatively high capital adequacy ratio (CAR) compared to the industry median, the increase in Tier 1 capital ratio in the capital structure as well as recent efforts to improve financial leverage.
ACB’s capital buffer is assessed to be appropriate to the bank’s scale of operations. At the end of the second quarter of 2024, ACB had a capital adequacy ratio (CAR) of 11.8%, ranking 3rd among joint stock commercial banks of the same size.
ACB was rated AA+ by FiinRatings with a “stable” rating outlook.
ACB achieved a high credit rating thanks to its strong business position, stable capital profile, good profitability and cautious risk appetite.