ACB plans to establish a non-life insurance company
Sunday, October 19,2025
AsemconnectVietnam - Asia Commercial Joint Stock Bank (ACB) has just announced the last registration date to exercise the right to collect shareholders' opinions in writing is October 14, 2025.
Accordingly, the content of the consultation is to establish a subsidiary operating in the field of non-life insurance. The consultation period is from October 24, 2025 to November 10, 2025. In the life insurance sector, ACB is currently cooperating with Sun Life Vietnam under the model of distributing life insurance exclusively through the banking channel.
Currently, ACB owns 4 subsidiaries and all have 100% ownership, including ACB Securities Company Limited (ACBS), Asia Commercial Bank Debt Management and Asset Exploitation Company Limited (ACBA), Asia Commercial Bank Leasing Company Limited (ACBL) and ACB Fund Management Company Limited (ACBC).
Before ACB, a number of commercial banks have also implemented or are planning to implement capital contribution and ownership of insurance companies. Specifically, in October 2024, Techcombank launched Techcom Non-Life Insurance Joint Stock Company (TechcomInsurance). TechcomInsurance is the 31st insurance company in Vietnam, with a charter capital of VND500 billion.
Or VPBank also acquired OPES non-life insurance to officially become the parent bank from 2022. OPES has a charter capital of VND1,900 billion. In September 2025, VPBank passed a resolution approving the plan to sell/transfer shares at OPES Insurance Joint Stock Company to VPBank Securities Joint Stock Company (VPBankS).
The number of shares transferred is 18.45 million OPES shares, equivalent to 9.71% of OPES's charter capital. Before the transaction, VPBank held 188.9 million OPES shares, equivalent to 99.42% of the ownership ratio. After the transaction, VPBank's ownership ratio at OPES will decrease to 89.71% of the charter capital.
Previously, at the Annual General Meeting of Shareholders in April 2025, VPBank also submitted to shareholders for approval the plan to invest in capital contribution and establish a subsidiary in the life insurance sector, expected to have a charter capital of VND2,000 billion. The participation ratio of VPBank and related parties is up to 100%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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