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Military Bank

SCIC plans to spend 19.4 million for 30 million shares of Military Bank

SCIC plans to spend $19.4 million for 30 million shares of Military Bank

Under the approved plan, MBB will offer 73 million shares to two investors, SCIC and the Military Industry and Telecoms Group (Viettel). Viettel will purchase 43 million MBB shares.
Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed.
Dragon Capital no longer a major shareholder in Military Bank

Dragon Capital no longer a major shareholder in Military Bank

A group of investment funds run by Dragon Capital announced Monday it has sold one million shares of Military Bank (MBB), reducing their ownership from 5 per cent to 4.97 per cent and is no longer a major shareholder of...
Govt to hike capital for State-owned banks in Q1 2020

Gov’t to hike capital for State-owned banks in Q1 2020

The Government has finally announced a detailed roadmap to increase charter capital for large State-owned banks in the first quarter of this year.
Military Bank plans 43.2 million ESOP shares in Sep-Oct

Military Bank plans 43.2 million ESOP shares in Sep-Oct

Military Bank (MBB) is planning to issue more than 43.2 million shares to its employees under the employee stock ownership plan (ESOP). This number is equal to 2 per cent of the bank’s charter capital.
Banks earn increasing profits from services

Banks earn increasing profits from services

In the first nine months of the year, the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank)’s pre-tax profit exceeded the full-year 2017 figure and closed in on the year’s target.
Vietcombank reduces holdings at other banks

Vietcombank reduces holdings at other banks

Vietcombank (VCB) has recently announced it sold a large number of Military Bank (MBB) and Eximbank (EIB) shares on the stock markets to reduce its ownership ratios at the banks to 5 per cent in each as regulated by the...
Stock dividends keep shareholders happy, enable banks to increase capital

Stock dividends keep shareholders happy, enable banks to increase capital

In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held.
Vietcombank to offload MB shares, follow rules

Vietcombank to offload MB shares, follow rules

Vietcombank will divest part of its holding in Military Bank (MB) next month to meet the State Bank of Viet Nam (SBV)’s regulation on holding shares at other credit institutions.
Vietcombank offloads MB shares to meet central bank requirement

Vietcombank offloads MB shares to meet central bank requirement

Vietcombank will divest part of its holding in Military Bank (MB) next month to meet the State Bank of Viet Nam’s regulation on holding shares at other credit institutions.
Experts forecast lending rates to remain stable

Experts forecast lending rates to remain stable

Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
Military Banks six-month profit exceeds 2017 annual result

Military Bank’s six-month profit exceeds 2017 annual result

Military Bank (MBBank) has reported consolidated profits of about VND3.8 trillion (US$165.2 million) in the first half of this year, beating its yearly profit of VND3.6 trillion registered in 2017.
Banks hit 25-30% of profit goal

Banks hit 25-30% of profit goal

Many banks were estimated to meet 25-30 per cent of their annual profit targets by the end of March, although the first quarter is usually the most sluggish for banks.
Mekong Delta signs deal with companies for tourism development

Mekong Delta signs deal with companies for tourism development

Can Tho City signed an agreement with housing developer Novaland Group, US management consulting firm Boston Consulting Group, and Military Bank to draft strategies for developing tourism in the Cửu Long (Mekong) Delta.
Military Bank transfers equity in MCredit to Shinsei

Military Bank transfers equity in MCredit to Shinsei

Military Bank (MBB) has completed procedures to sell 49 per cent stake in its consumer finance arm MCredit Finance Company to Japan’s Shinsei Bank and changed it into a two-member company.