Home Credit Ratings and Research Fitch Research Asia Commercial Joint Stock Bank

Asia Commercial Joint Stock Bank

Published Feb 11, 2020

7 pages (3570 words) — Published Feb 11, 2020

Price US$ 550.00 | Buy this Report Now

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Brief Excerpt:

...Improved Standalone Credit Profile: Fitch Ratings upgraded Asia Commercial Joint Stock Bank's (ACB) Long-Term Issuer Default Rating (IDR) in February 2020 due to a continued improvement in the bank's profitability, which has supported its capital levels. We expect ACB's credit profile to remain supported by rising profitability and capital, amid favourable economic prospects. The bank's ratings also take into account its modest domestic franchise as a medium-sized retail-focused bank and high risk appetite. Economy Supports Asset Quality: ACB's problem-loan ratio...

Report Type:

Full Rating Report

Company(ies)

Asia Commercial Joint Stock Bank

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PDF

Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

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Cite this Report


MLA:	Fitch Research. "Asia Commercial Joint Stock Bank" Feb 11, 2020. Alacra Store. May 13, 2025. <http://www.alacrastore.com/fitch-credit-research/Asia-Commercial-Joint-Stock-Bank-RPT_10109969>

APA:	Fitch Research. (2020). Asia Commercial Joint Stock Bank Feb 11, 2020. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/fitch-credit-research/Asia-Commercial-Joint-Stock-Bank-RPT_10109969>

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