The Military Commercial Joint Stock Bank (MB) will increase its charter capital from 11.6 trillion VND (539.5 million USD) to 16 trillion VND (744.1 million USD) as approved by the State Bank of Vietnam (SBV) in document No. 5384/NHNN-TTGSNH.
The SBV asked the MB’s Board of Directors to expand its charter capital in line with current regulations and ensure progress on the credit growth adjustment plan in compliance with the SBV credit growth target.
The document is valid for 12 months as from July 16, 2015.
Since its establishment in 1994, the MB has achieved and maintained trust with customers, partners and investors. The bank was honoured as one of the top 50 fastest growing enterprises in Vietnam from 2009-2014.
It also received several awards in recognition of its quality management and outstanding performance, including the Asia Pacific Quality Organisation prize in 2014 and National Quality Award in 2013.-VNA
