Awards for Excellence 2016
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It’s not ideal for your bank’s reputation when your founder is jailed for 30 years. That’s what happened to Asia Commercial Bank in June 2014 when Nguyen Duc Kien was found guilty of a host of crimes apparently conducted through several of the bank’s subsidiaries. Several other ACB executives were imprisoned too; the stock lost 38% of its value in a day.
Two years on, the transformation at ACB has been not only financial and reputational but physical.
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