The Military Commercial Joint Stock Bank (MB) has been awarded “ Best Domestic Bank in Vietnam 2013” by the Asiamoney magazine.

According to Asiamoney, MB recorded a credit growth of 26 percent, much higher than the sector’s average growth of 9 percent in 2012 while maintaining a bad debt ratio of less than 2 percent of their total debts. Profit before tax of MB reached 3.090 billion VND (145,2 million USD).

According to Asiamoney, MB’s good management capacity and shareholders’ support helped the bank overcome difficulties in the context of economic downturn.

The annual award, voted by financial experts and fund managers, is based on growth rate, business initiatives, profits and network expansion.

Asiamoney is a prestigious economic and financial magazine in Asia Pacific under the Euromoney Institutional Investor PLC Group. Initiated in 1990, the Best Bank award becomes an important reference for customers and researchers to assess confidence and ability of financial institutions in the Asian region.-VNA