Military Bank leads in profitability
In 2012, for the first time, Military Bank saw the highest profit of all commercial joint stock banks.
In 2012, for the first time, Military Bank saw the highest profit of all commercial joint stock banks.
It surpassed Asia Commercial Bank (ACB), Vietnam Export Import Commercial JS Bank (Eximbank), Vietnam 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 3 trillion VND (144 million USD) 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 percent this year, higher than the predicted 21-22 percent.-VNA
It surpassed Asia Commercial Bank (ACB), Vietnam Export Import Commercial JS Bank (Eximbank), Vietnam 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 3 trillion VND (144 million USD) 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 percent this year, higher than the predicted 21-22 percent.-VNA
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