HÀ NỘI — Ocean Commercial One Member Limited Liability Bank (OceanBank) will be renamed Việt Nam One Member Limited Liability Bank (MBV) from December 18 if approval is given by the State Bank of Việt Nam, Military Commercial Joint Stock Bank (MB) has said.

MB, which officially acquired OceanBank on October 17, said that MBV will be developed into a modern, secure and sustainable bank.

On Tuesday, MB also officially appointed chairman of the Board of Members, general director and other senior personnel to sit on the Board of Members and the Supervisory Board of MBV.

MBV marks a pivotal transformation for MB as it evolves into a financial group with an ecosystem comprising three banks (MB, MBCambodia, MBV) and six subsidiary companies (MBS, MBCapital, MIC, MB Ageas, MBAMC, Mcredit). — Bizhub