Military Commercial Joint Stock Bank (MB) announced on March 17 that the bank's pre-tax profit in the first two months of 2010 was estimated at over 316 billion dong, equal to 20 percent of the year plan.
The bank, with chartered capital of 5.3 trillion dong reported to maintain bad debt rate of below 2 percent up to the end of February.
In March, the bank planned to put into operation two new transaction offices in Hanoi of MB Nam Trung Yen and MB Lo Duc, a new branch of MB Tan Thuan in HCM City, raising the total amount of transaction offices nationwide to 110 units.
Noticeably, MB is expected to open a new branch in Laos in Q2 of 2010 and to expand its banking network to 140 transaction offices and branches up to December 31, 2010.
|
