Military Bank leads in profitability

In 2012, for the first time, Military Bank saw the highest profit of all commercial joint stock banks.

It surpassed Asia Commercial Bank (ACB), Viet Nam Export Import Commercial JS Bank (Eximbank), Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) and Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank).

By the end of last year, the bank gained about VND3 trillion (US$144 million) in profits before tax, the highest in absolute value amongst commercial joint stock banks (excluding state-owned banks and banks with a dominant stake held by the state).

Although it has less charter capital and equity than other banks, the MB's credit growth rose 27 per cent this year, higher than the predicted 21-22 per cent.

VIETNAMNEWS

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