An Binh Commercial Joint Stock Bank (ABBANK) has achieved impressive growth over the past few years in Banking and Finance sector. From a rural bank established in 1993, ABBANK has been upgraded to an urban scale bank with charter capital of VND5 billion in 2002. In 2004, ABBANK raised its chartered capital to VND 70.04 billion. In 2008, Maybank officially became a foreign strategic shareholder of ABBANK with the ownership portion of 15%, which brought ABBANK’s chartered capital to 2,705 billion. On April 26th, 2013, ABBANK increased its chartered capital to VND 4,800 billion. IFC officially became a major shareholder of ABBANK with 10% of charter capital while Maybank maintained its 20% ownership ratio as the strategic role of ABBANK. ABBANK has become a prestigious brand in the banking and finance sector in Vietnam. By the end of 2016, ABBANK's network reached 165 transaction offices in 34 provinces and cities across the country.
The main activities of ABBANK are: (1) Mobilize short, medium and long term fund in the form of deposits, certificates of deposit, receiving entrusted funds for investment and development of organizations and loans of State Bank and other credit institutions, economic organizations, (2) Provide short, medium and long-term loans for economic development, discount of commercial papers, bonds and valuable papers, capital contribution and joint venture, payment service providing and other banking services.
In recent years, in order to diversify products and services, ABBANK has strengthened the cooperation with Vietnam and International major partners such as Agribank, Prudential Vietnam, Deutsche Bank, EVN SPC, Prevoir Vietnam, Vietnam Post Corporation (VNPost) Viettel Telecommunication JSC…
With the slogan "Give solutions - Get smiles", ABBANK aims to become the leading commercial joint stock bank in Vietnam focusing on the retail sector with friendly, efficient financial solutions and in line with customer demand. Being a community-friendly retail bank, ABBANK always considers customer needs and satisfaction as the core element of all business activities. The core values of ABBANK are the guiding principle in all the actions and successful decisions for all employees. The strength of ABBANK is based on a stable social foundation with a healthy growth economy, product diversification and market flexibility and providing friendly and professional services.