Asiamoney Magazine has awarded the Military Commercial Joint Stock Bank (MB) its “Best Domestic Bank in Vietnam” title for the year 2013.
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Asiamoney Magazine has awarded the Military Commercial Joint Stock Bank (MB) its “Best Domestic Bank in Vietnam” title for the year 2013.
According to Asiamoney, MB’s 26 percent credit growth far exceeded the sector’s 2012 average of 9 percent. It managed to limit its bad debt ratio to less than 2 percent and recorded a pre-tax profit of US$145.2 million.
Asiamoney credited MB’s astute management and shareholders’ support with helping it overcome the difficulties of the current economic downturn.
The annual award, decided by financial experts and fund managers, is judged according to growth rates, business initiatives, profits, and network expansion.
Asiamoney is a prestigious Asia-Pacific economic and financial magazine and part of the Euromoney Institutional Investor PLC Group.
Begun in 1990, the Best Bank award has become an important reference for customers and researchers to assess financial institutions in the Asian region.
(Source:VOV)
