Industry Revenue Breakdown:

• Lending: approx. 60%
• Deposits and Account Fees: approx. 25%
• Investment Banking and Asset Management: approx. 15%

TOP 3 Markets:

• Vietnam: approx. 85%
• Cambodia: approx. 10%
• Laos: approx. 5%

Asia Commercial Joint Stock Bank (ACB) generates the majority of its revenue from lending, which is typical for banks in the region. Deposits and account fees, as well as services in investment banking and asset management, also contribute significantly to the income.

The Vietnamese market is the primary market for ACB, which is not surprising as the company is headquartered there and operates most of its branches. Cambodia and Laos are smaller but growing markets that ACB has tapped into in recent years to expand its regional presence.

Production: Not applicable

Asia Commercial Joint Stock Bank (ACB) is a bank and not a manufacturing company. Therefore, it does not produce physical products but offers financial services. The bank is headquartered in Vietnam and provides a variety of services there, such as account management, lending, and asset management.

Current Growth Strategy of Asia Commercial Joint Stock Bank (ACB):

1. Digitization and Technology Investments: ACB is increasingly focusing on digitizing its services to enhance customer experience and operate more efficiently. This includes investments in mobile banking platforms and the automation of internal processes.

2. Expansion of the Loan Portfolio: The bank plans to expand its loan portfolio by targeting new customer segments and introducing innovative loan products. Particularly, the focus on small and medium-sized enterprises (SMEs) is expected to drive growth.

3. Sustainability and ESG Initiatives: ACB is integrating environmental, social, and governance (ESG) criteria more strongly into its business strategy to promote sustainable growth and meet regulatory requirements.

4. Regional Expansion: The bank is exploring opportunities for geographical expansion within Southeast Asia to tap into new markets and strengthen its market presence.

These strategic initiatives are intended to help ACB solidify its market position and ensure long-term profitable growth.

Main Imported Raw Materials/Materials: Financial services and IT infrastructure

Countries of Origin: USA, Japan, South Korea

As a bank, the Asia Commercial Joint Stock Bank (ACB) does not import physical raw materials or materials in the traditional sense. Instead, the focus is on importing services and technologies necessary for the operation and advancement of the bank.

ACB invests in IT infrastructure and software solutions to enhance its digital services. These technologies are often sourced from countries such as the USA, Japan, and South Korea, which are leading in the development of financial technologies.

Additionally, consulting services and training from international providers could be imported to increase the efficiency and expertise of the bank.

Market share: 8.5% (2024, estimated)
Return on equity (ROE): 18.2% (2024)
Cost-Income-Ratio: 40.5% (2024)

Asia Commercial Joint Stock Bank (ACB) has a solid competitive advantage in the Vietnamese banking sector. The market share of 8.5% indicates that ACB holds a significant position in the market. The return on equity of 18.2% suggests efficient capital utilization, which is above average compared to many competitors.

The Cost-Income-Ratio of 40.5% indicates that ACB has good control over its cost structure, leading to high operational efficiency. These metrics, combined with a strong brand presence and a diversified product portfolio, strengthen the bank's competitive advantage.

ACB also benefits from a stable economic development in Vietnam and a growing financial sector, providing additional growth opportunities.

Institutional Investor Share: 48% (2025, estimated) Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in Asia Commercial Joint Stock Bank is estimated to be 48%. This indicates a strong trust from institutional investors in the bank, pointing to a stable financial performance and good growth prospects.

There were no significant insider buys or sells in the last quarter. This could suggest that the management and other insiders are satisfied with the current valuation of the bank and do not expect any short-term changes in the company's strategy.

Market share of Asia Commercial Joint Stock Bank (ACB): 8% (2025, estimated)

Top competitors and their market shares:

1. Vietcombank (HOSE:VCB): 15%
2. VietinBank (HOSE:CTG): 12%
3. BIDV (HOSE:BID): 11%
4. Techcombank (HOSE:TCB): 10%
5. Sacombank (HOSE:STB): 9%
6. Asia Commercial Joint Stock Bank (HOSE:ACB): 8%
7. Military Bank (HOSE:MBB): 7%
8. VPBank (HOSE:VPB): 6%
9. HDBank (HOSE:HDB): 5%
10. SHB (HNX:SHB): 4%

Moat of ACB:

Asia Commercial Joint Stock Bank (ACB) has a moderate moat, mainly characterized by a strong customer base in retail banking and a wide branch presence. ACB has gained a certain competitive advantage through innovative digital banking solutions and excellent customer service.

In comparison to competitors like Vietcombank and VietinBank, which have a larger capital base and a more extensive network, ACB's moat is less pronounced. These larger banks benefit from government support and a stronger international presence, giving them a more robust moat.

Overall, ACB has a solid, but not outstanding moat compared to the leading banks in Vietnam. ACB's competitive advantage could be strengthened through further investments in technology and customer retention.

Return on Equity (ROE): 18% (2024) Return on Assets (ROA): 1.8% (2024) Credit Growth: 14% (2024)

The Asia Commercial Joint Stock Bank (ACB) demonstrates solid financial performance with a return on equity of 18%, indicating efficient use of equity capital. The 1.8% return on assets is also positive, showing the bank's ability to generate profits from its assets.

The 14% credit growth in 2024 suggests that the bank was successful in increasing its lending, a sign of healthy demand and a strong market position.

Additionally, the bank has improved its risk management practices in recent years, leading to a stable quality of the credit portfolio. Taken together, these factors indicate that ACB represents a promising investment opportunity, especially for investors interested in exposure to the Asian banking sector.

Dividend Yield: 4.5% (estimated for 2025)

Asia Commercial Joint Stock Bank (ACB) has regularly paid out dividends in recent years. The bank is known for its stable dividend policy, which is based on a solid financial foundation.

The payouts are usually reliable as ACB has a strong capital base and a healthy earnings situation. Analysts expect the bank to continue its dividend policy in the coming years, provided there are no significant economic or regulatory changes.