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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).

Stock indexes
1,273.11 4.33 0.34
Volume: 937,042,992 Value: 23,073 (Billions VNĐ)
241.54 1.52 0.63
Volume: 107,577,344 Value: 2,109 (Billions VNĐ)
93.07 0.37 0.4
Volume: 77,550,284 Value: 1,196 (Billions VNĐ)
1,310.15 1.88 0.14
Volume: 309,091,269 Value: 9,206 (Billions VNĐ)