Developer Phat Dat, Military Bank ink cooperation pact for $447 mln southern Vietnam project

Developer Phat Dat, Military Bank ink cooperation pact for $447 mln southern Vietnam project

Phat Dat Real Estate Development JSC and MB Bank have signed a comprehensive cooperation agreement for the Thuan An 1&2 real estate project in Binh Duong province.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Military Bank profit grows 10% in Q1 on provision reduction

Military Bank profit grows 10% in Q1 on provision reduction

The Military Commercial Bank (MBBank) recorded a post-tax profit of VND5.21 trillion ($221.8 million) in the first quarter of 2023, up 10.14% year-on-year, as risk provisions dropped on the decline of most business segments.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

MB Bank appoints new chairman

MB Bank appoints new chairman

State-controlled Military Bank (MB Bank) has appointed Luu Trung Thai as its chairman for the remainder of the 2019-2024 term, replacing Le Huu Duc.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

MB Bank targets $1 bln profit in 2023

MB Bank targets $1 bln profit in 2023

State-controlled Military Bank (MB Bank) is expecting a pre-tax profit of VND26.1 trillion ($1.11 billion), up 15% year-on-year.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Military Bank posts $969 mln profit in 2022

Military Bank posts $969 mln profit in 2022

Military Bank (MB Bank) reported a pre-tax profit of VND22,729 billion ($969 million) in 2022, up 37.5% over the previous year and reaching 111.8% of its target.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7