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MIC to become a member company of Military Bank

10-May-2012 Intellasia | Thoi Bao Kinh Te Vietnam page 7 | 11:30 AM

In the annual general meeting (AGM) of Military Insurance Joint Stock Corp (MIC) held on May 8, the participants have approved for turning MIC into a member company of Military Commercial Joint Stock Bank (STC-listed MBB) after the bank officially raised the holdings rate at MIC from 18 percent to 49.77 percent.

Although the insurance company has been in operation for short time of about five years, the trademark of MIC has been accepted by the market, and the company was included in Top 10 list of non-life insurance firms in the market.

This year, MIC aims to obtain whole year revenue of 635 billion dong, of which the insurance premium would count for 520 billion dong and net profit of 70 billion dong, excluding the profit gained from real estate projects. The company plans to pay dividend at 12 percent at minimum.


Category: Finance

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