Military bank cited strongest in Vietnam

(VOV) -The Vietnam Military Joint Stock commercial Bank (MB) has been named as the Strongest Bank in Vietnam 2014 by Asian Banker magazine.

The bank met all six evaluation criteria of the magazine including scale of the banks’ assets relative to domestic GDP, balance sheet growth of net loans and deposits, risk management, profitability and its sustainability, strength and credibility of loans disbursed, and liquidity of assets to meet negative events requiring cash outflow.

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The award is recognition of the regional and international financial community to MB’s prestige, stature, financial strength and high growth rate.

Over past years, thanks to its sustainable growth and efficient business operation, MB also won a number of domestic and foreign prizes including 2013 Gold National Quality award of Vietnamese Government, Best Domestic Bank in Vietnam 2013-2014 of Asian Money, and “World Class” 2014 of the Asia Pacific Quality Organisation (APQO).