ACB: Debt Management and Property Development

3:26:28 PM | 7/8/2005

ACB: Debt Management and Property Development

 

A Chau Commercial Bank (ACB) has established a company for debt management and property development to upgrade its activities. The debt management will be implemented by several forms such as debt transformed into capital, managing indebted companies, reform, leasing, and business development.

 

According to ACB, although its bad debt is only 0.82 per cent, the body is needed for dealing with the debts as in other modern banks. The company will start its work in Ho Chi Minh City and later in the Southern provinces where the collateral is mainly in terms of land.

  • M.N