Military Commercial Joint Stock Bank (MB)
Chairman
Mr. Luu Trung Thai
CEO
Mr. Pham Nhu Anh
Authorized capital
Head Office
No. 18 Le Van Luong, Trung Hoa ward, Cau Giay district, Hanoi city
Website
Share
More info
Over nearly 30years of construction and growth, MB has grown and grown to become a versatile financial group with MB's parent bank in Vietnam & abroad (Laos, Cambodia) and its member companies. (in the fields of securities, insurance, consumer finance, fund management, asset management, life insurance). With effective business aspects, MB has affirmed its brand and reputation in the financial services industry in Vietnam. MB has diversified service and product activities on the basis of outstanding risk management, modern IT infrastructure, and strong expansion to expand its operations in new market segments besides traditional markets of a commercial bank. After nearly 30 years of construction and growth, MB is now considered to be a stable financial institution, reliable, safe and sustainable development with high reputation.
MMB is a financially sound, strong management, transparent information, convenient and pioneering service provider to realize its mission, an organization, a solid partner, trust. During the process of formation and development, under the leadership and direction of the Central Military Commission - Ministry of Defense, the State Bank and enthusiastic support and assistance of concerned agencies; units inside and outside the army; Military Commercial Joint Stock Bank (MB) promoted the good nature and glorious tradition of soldiers on the economic front; solidarity, initiative, creativity, self-reliance, self-reliance, overcoming difficulties, improving the quality of operations, bringing the best banking products and services to individuals, economic organizations and enterprises across the key provinces and cities of the country, contributing to boosting the economic development of Vietnam in general and improving the business efficiency of the banking sector in particular
(Source: MBB)
https://www.mbbank.com.vn/About/ve-mb?lang=EN
Related News
Lowered lending rates to facilitate capital access
The fourth quarter is bringing soaring capital demand for production and housing, calling for timely preferential credit and rate cuts to empower businesses and citizens in driving consumption and robust growth
MB Economic Insights 10th: A decade of accompanying import-export businesses
The 10th annual 'MB Economic Insights' conference took place on October 25, in Ho Chi Minh City amid significant global economic and political upheavals.
MB’s nine-month credit growth outpaces industry average by 80 per cent
Military Commercial Joint Stock Bank (MB) has released its Q3/2024 financial results, highlighting a range of positive business indicators.
Banks' profit picture in Q3 creates mixed sentiment
Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.
Year-end credit growth driven by industrial sector
The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.
Liquidity pressure “substantial” on Vietnam’s banks
Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.
Mandatory transfers announced for CB, OceanBank
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.
Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.
HDBank wins IR Award for Individual Investors’ Best Choice
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) received the Financial Large Cap Individual Investors’ Best Choice award at the 2024 IR Awards ceremony held in HCM City on Tuesday.
Banks required to list suspect accounts for better supervision
Commercial banks must provide information on accounts that show possible signs of fraud, swindling, or law violations at the State Bank of Vietnam (SBV) 's request every month.
Banks still counting profit from securities trading
Despite market volatilities, many banks still count healthy profits from securities trading.
Bad debts remained a challenge for banks in H1
Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.
Low lending rates may boost credit growth
A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.
Larger lenders in good growth stead
Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.
Top 10 reputable commercial banks for 2024 unveiled
The Vietnam Report JSC on June 10 unveiled its annual list of Việt Nam’s Top 10 Reputable Commercial Banks for 2024.