Friday, December 9 2016

VietNamNews

MB Bank’s new finance company to operate in Q3 2016

Update: March, 19/2016 - 10:00
  Sông Đà Finance Company (SDFC) merged with the Military Commercial Joint Stock Bank (MB Bank) yesterday. — Photo dddn

HÀ NỘI  (VNS) —  Sông Đà Finance Company (SDFC) merged with the Military Commercial Joint Stock Bank (MB Bank) yesterday.

Under the agreement, MB Bank will manage all the assets and debts owed by SDFC after the date of the merger.

Lưu Trung Thái, deputy chairman of the bank’s Board of Management, said that MB Bank has been approved by the State Bank of Việt Nam to set up a subsidiary specialising in consumption finance with charter capital of VND500 billion (US$22.2 million).

The bank said that it would work to put the new company into operation in this year’s third quarter. — VNS

Send Us Your Comments:

See also: