MBB snaps up 47 million treasury shares for $56m

Military Joint Stock Commercial Bank (MBB) has bought back 47 million treasury shares for VND1.3 trillion (US$56 million).

The result is equal to 43.6 per cent of the bank’s target. It previously registered to purchase 108 million shares.

Transactions were carried out between January 29 and February 27. Average buying price was VND21,999 per share.

In 2018, MBB earned nearly VND19.54 trillion in total revenue, up 40.9 per cent year on year.

Its pre-tax profit gained 68.3 per cent year on year to VND7.76 trillion. The post-tax profit was up 77.3 per cent yearly to VND6.19 trillion.

MBB is listing more than 2.16 billion shares on the Ho Chi Minh Stock Exchange.

The bank shares inched up 0.2 per cent to end Thursday at VND22,200 per share.

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