The Military Bank Joint Stock Company (MB) was recently honoured as one of the top 50 fastest growing enterprises in Vietnam during 2009-2014.

The selection criteria for the accolade are based on revenue growth rate, the contribution to the State’s budget over the five years and performance in profitable efficiency indexes including return on asset (ROA) and return on equity (ROE).

During the period, the bank achieved an impressive annual growth rate from 20-30 percent. Of the figure, the bank’s total assets increased 2.9 times, up 200.5 trillion VND (9.5 billion USD). Profit before tax reached 3.17 trillion VND (151 million USD) and the bad debt ratio was maintained at a marginal rate of 2.73 percent.

The bank projects enjoying a growth rate of 8 percent in 2015, while ownership capital is expected to increases to 16.5 trillion VND (789 million USD). Chapter capital should rise to 11.6 trillion VND (552 million USD).

During the five years, MB was one of the biggest tax payers. In 2014 alone, it contributed 800 billion VND (38 million USD) to the State budget.

The bank also received several awards in recognition of its quality management and outstanding performance, including the Asia Pacific Quality Organisation (APQO) prize in 2014 - the highest award given by the organisation. MIB also received the 2013 National Quality Award.-VNA