The Military Commercial Joint Stock Bank (MB) has been awarded “Best Domestic Bank in Vietnam 2013” by the Asiamoney magazine.
According to Asiamoney, MB recorded a credit growth of 26percent, much higher than the sector’s average growth of 9 percent in2012 while maintaining a bad debt ratio of less than 2 percent of theirtotal debts. Profit before tax of MB reached 3.090 billion VND (145,2million USD).
According to Asiamoney, MB’s goodmanagement capacity and shareholders’ support helped the bank overcomedifficulties in the context of economic downturn.
The annualaward, voted by financial experts and fund managers, is based on growthrate, business initiatives, profits and network expansion.
Asiamoney is a prestigious economic and financial magazine in AsiaPacific under the Euromoney Institutional Investor PLC Group. Initiatedin 1990, the Best Bank award becomes an important reference forcustomers and researchers to assess confidence and ability of financialinstitutions in the Asian region.-VNA
According to Asiamoney, MB recorded a credit growth of 26percent, much higher than the sector’s average growth of 9 percent in2012 while maintaining a bad debt ratio of less than 2 percent of theirtotal debts. Profit before tax of MB reached 3.090 billion VND (145,2million USD).
According to Asiamoney, MB’s goodmanagement capacity and shareholders’ support helped the bank overcomedifficulties in the context of economic downturn.
The annualaward, voted by financial experts and fund managers, is based on growthrate, business initiatives, profits and network expansion.
Asiamoney is a prestigious economic and financial magazine in AsiaPacific under the Euromoney Institutional Investor PLC Group. Initiatedin 1990, the Best Bank award becomes an important reference forcustomers and researchers to assess confidence and ability of financialinstitutions in the Asian region.-VNA
