- Business
- Kien Long Commercial Joint Stock Bank (KienlongBank) is a Vietnam-based financial institution primarily engaged in the provision of commercial, retail, and corporate banking products and financial services. Founded in 1995 and headquartered in Rach Gia City, Kien Giang Province, Vietnam, the bank operates a domestic distribution network comprising over 130 branches and transaction offices across major urban centers and rural provinces nationwide. KienlongBank operates across personal banking, corporate banking, treasury, and asset management segments. The bank's core products and services include deposit and savings accounts, encompassing demand deposits, term savings, structured deposit programs, and certificates of deposit; personal credit solutions, including residential mortgage loans, vehicle financing, personal consumer credit, unsecured loans, and agricultural and business production loans; corporate financing facilities, including short-, medium-, and long-term working capital loans, project financing, overdraft facilities, and syndicated lending; trade finance and international settlements, including letters of credit, export-import financing, and documentary collections; bank guarantee and contract performance services; payment card products, comprising domestic and international debit and credit cards issued under the Visa and JCB card networks; foreign exchange and treasury operations, including spot, forward, and swap currency transactions and money market instruments; digital banking channels delivered via the KienlongBank Plus mobile application and web-based internet banking platforms, featuring biometric authentication, 24/7 electronic fund transfers, utility bill settlement, and digital onboarding; automated counterless banking delivered via Smart Teller Machine (STM) kiosks; bancassurance distribution; and debt resolution, asset exploitation, and appraisal services operated through its wholly owned subsidiary, Kienlongbank Asset Management One Member Company Limited (KBA). In recent developments, KienlongBank has accelerated its corporate digital transformation strategy to establish an advanced digital banking ecosystem. The bank collaborated with technology solutions provider Unicloud to deploy and scale its network of Smart Teller Machines (STMs) nationwide, facilitating automated branchless services and biometric identity authentication. To enhance digital payment capabilities and financial infrastructure, KienlongBank has entered into strategic partnerships with global payment networks, including Visa, and corporate ecosystem partners. In addition, the bank has executed capital-strengthening programs, including secondary bond issuances to supplement Tier 2 capital and corporate plans to expand its charter capital to more than VND 7.26 trillion via stock dividend distributions, while advancing its regulatory process to transfer its share listing (Ticker: KLB) from the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh City Stock Exchange (HOSE).