Sunday, November 19 2017

VietNamNews

New general director for Military Bank

Update: January, 17/2017 - 19:00

HÀ NỘI — The Military Commercial Joint Stock Bank (MB Bank) has appointed vice-chairman of its board Lưu Trung Thái as its general director, with effect from Monday.

Thái replaces Lê Công, who has assumed the position of the bank’s vice-chairman, also from Monday.

Thái, who has a master’s degree in business administration from the University of Hawaii, worked for nearly 20 years with MBB, holding many important positions. He will continue to operate MB Bank and maintain its leading position among the country’s top banks on operational efficiency.

Following its five-year strategic development plan for the 2016 to 2020 period, MBB will strongly focus on digitisation, strengthening customer relationships, and enhancing its payment as well as risk management capacities.

At end of 2016, MB Bank earned a pre-tax profit of VNĐ3.7 trillion (US$164 million), up 18 per cent year-on-year, and exceeding 4.5 per cent of its annual target.

The bank’s total assets in 2016 reached VNĐ250 trillion, which was 104 per cent of its the annual goal. Its capital touched VNĐ17 trillion, which was as per target; while capital mobilisation crossed VNĐ195 trillion, 102 per cent of its target.

MB Bank’s loans in 2016 amounted to VNĐ 149trillion, three per cent over its plan. Its non-performing loans (NPLs) stood at 1.33 per cent.

 

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