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Military Bank gained US$27 million from selling stake in Mcredit to Japanese bank

MB has just announced a completion of selling 49 per cent stake in its consumer finance arm Mcredit Finance Company to Japan’s Shinsei Bank.

MB reached pretax profit of US$190 million thanks to double service income

Military Commercial Joint Stock Bank (MB) reported a pretax profit of VND4,002 billion (nearly US$190 million) that increased 43% compared with nine months of 2016.

Maritime Bank sold its entire stakes acquired in Military Bank

Thanks to this deal, Maritime Bank reported a hefty profit in the second quarter of 2017.

Bank stocks rise on coming bad debt resolution

Shares ended Monday on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

Banks poised to increase capital by $1.6b

The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VNĐ37 trillion (US$1.62 billion).

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