Military Bank reshuffle: New general director appointed
Military Bank reshuffle: New general director appointed
The Military Commercial Joint Stock Bank (MBB) has appointed vice-chairman of its board Luu Trung Thai as its general director, with effect from Monday.
Thai replaces Le Cong, who has assumed the position of the bank’s vice-chairman, also from Monday.
Thai, who has a master’s degree in business administration from the University of Hawaii, worked for nearly 20 years with MBB, holding many important positions. He will continue to operate MBB and maintain its leading position among the country’s top banks on operational efficiency.
Following its five-year strategic development plan for the 2016 to 2020 period, MMB will strongly focus on digitisation, strengthening customer relationships, and enhancing its payment as well as risk management capacities.
At end of 2016, MBB earned a pre-tax profit of VND3.7 trillion (US$ 164 million), up 18 per cent year-on-year, and exceeding 4.5 per cent of its annual target.
The bank’s total assets in 2016 reached VND250 trillion, which was 104 per cent of its the annual goal. Its capital touched VND17 trillion, which was as per target; while capital mobilisation crossed VND195 trillion, 102 per cent of its target.
MBB’s loans in 2016 amounted to VND 149trillion, three per cent over its plan. Its non-performing loans (NPLs) stood at 1.33 per cent.
