PANO – The Military Commercial Joint Stock Bank (MB) has been named in the top 50 fastest growing companies in the country in the period of 2009-1014 by the Vietnam Report in association with the VietNamNet Newspaper.

The bank has met all criteria to be ranked among the top 50 fastest growing companies  (Photo for illustration)

MB has met all criterias of operational effectiveness, profit growth, high level of Return on Assets (ROA) and Return on Equity (ROE), in comparison with effective contribution to the State budget.

During the period, the bank saw growth in key financial targets: its annual credit growth of 20-30 per cent, total assets up to more than VND 200 trillion in 2014, its chartered capital increasing to VND 16.6 trillion, equity up to VND 16 trillion, and profit before taxes reaching VND 3.2 trillion last year, and its bad debt ratio at 2.73 per cent.

The bank was one of Vietnam’s largest corporate income tax payers. Particularly, it contributed over VND 800 billion to the national budget in 2014.

In addition, MB has actively launched welfare activities to support local policy beneficiaries and localities across the country.

Translated by Van Hieu