Business

MBBank postpones annual meeting

The Military Commercial Joint Stock Bank (MBBank) has decided to postpone its annual shareholders’ meeting.
MBBank postpones annual meeting ảnh 1A MB Bank office (Photo: vietnambiz.vn)
Hanoi (VNA) - The Military Commercial Joint Stock Bank (MBBank) hasdecided to postpone its annual shareholders’ meeting.

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

The decision was made as the Government and authorities in Hanoi attempted toprevent the spread of the coronavirus.

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

MBBank recorded 10 trillion VND (429 million USD) in pre-tax profit in 2019, up29 percent year on year and 5 percent higher than the annual target.

Total outstanding loans rose 15.5 percent on-year to nearly 240 trillion VND,and total assets were up 13 percent on-year to 400 trillion VND.

The bank's shares (HoSE: MBB) lost 3.8 percent to end on March 26 at 15,050 VND./.
VNA
#Military Commercial Joint Stock Bank #MBBank #shareholders’ meeting #COVID-19 #novel coronavirus #vietnamplus #Vietnam News Agecy
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