The Asia Commercial Bank will open some 40 new branches and transaction offices by the end of the year, revealed the general director of ACB, Ly Xuan Hai, May 15.
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This will raise the total number of the bank’s branches and transaction offices to 233 nationwide.
Hai said that the bank will recruit a further 600 new employees to fill the new vacancies.
The bank has recently reported assets of VND 131 trillion (US$7.4 billion), with private and business deposits making up VND101 trillion.
It is currently lending VND44 trillion, of which VND6 trillion are government subsidized loans.
Pre-tax profits for the first four months of the year were VND 665 billion ($37 million).
