A MB Bank office. The bank has delayed its annual shareholders' meeting, which was previously planned for April 2020. - Photo vietnambiz.vn

HÀ NỘI – The Military Commercial Joint Stock Bank (MB Bank) has decided to postpone its annual shareholders’ meeting.

The meeting was scheduled for April, but the bank has decided to put it off until the end of June.

The decision was made as the Government and authorities in Hà Nội attempted to prevent the spread of the coronavirus.

As of yesterday, there were 148 cases across the country.

Central and provincial governments have banned all events and meetings and closed stores and restaurants that attract large numbers of people.

MB Bank recorded VNĐ10 trillion (US$429 million) in pre-tax profit in 2019, up 29 per cent year on year and 5 per cent higher than the annual target.

Total outstanding loans rose 15.5 per cent on-year to nearly VNĐ240 trillion, and total assets were up 13 per cent on-year to VNĐ400 trillion.

The bank's shares (HoSE: MBB) lost 3.8 per cent to end Thursday at VNĐ15,050. – VNS