HANOI Feb 20 Asia Commercial Bank
(ACB), Vietnam's fifth-biggest partly private lender by assets,
said its net profit last year fell 71 percent from 2011 to 928.4
billion dong ($44.5 million).
As of Dec. 31, the total assets of the Ho Chi Minh
City-based lender, which was hit late last year by the arrests
of several executives, fell 37 percent from 2011 to 177 trillion
dong, the bank said in a statement via the stock exchange.
The bank, 15 percent owned by Standard Chartered PLC
, was rocked by the arrest in August 2012 of co-founder
Nguyen Duc Kien and chief executive Ly Xuan Hai, after which its