Opening of the Kinh Bac branch of the Military Bank.

On December 10th, in Tu Son city, Bac Ninh province, Military Commercial Joint Stock Bank (MB) officially opened its Kinh Bac branch, its second branch in Bac Ninh. MB opened its first branch in Bac Ninh in 2008, and after 16 years, it has expanded to 4 transaction points and 2 Smartbanks, serving over 418,000 individual and corporate customers, with total outstanding loans reaching VND 6.3 trillion and deposits reaching VND 7.8 trillion.

Khai trương Ngân hàng Quân đội chi nhánh Kinh Bắc

Colonel Luu Trung Thai, Secretary of the Party Committee and Chairman of the Board of Directors of MB, delivered a speech at the opening ceremony.

Colonel Luu Trung Thai, Secretary of the Party Committee and Chairman of the Board of Directors of MB, emphasized: “The opening of the Kinh Bac branch today further affirms MB's confidence in the enormous economic development potential of the locality. With its central location, modern facilities, and enthusiastic and dedicated staff, we believe that MB Kinh Bac will provide the best products and services to customers, bringing practical benefits to customers and contributing effectively and sustainably to the economic development of the locality. MB in general and MB Kinh Bac in particular look forward to receiving timely guidance from the leaders of Bac Ninh province, as well as the trust and support of the business community and local people, so that MB Kinh Bac can develop strongly in the future.”

Delegates cut the ribbon to inaugurate the MB Kinh Bac branch.

Bac Ninh is one of the fastest-growing economic regions in the country. With a GRDP exceeding 170,000 billion VND in 2023 and a modern industrial park system, Bac Ninh has attracted hundreds of large and small businesses, particularly in high-tech and electronic component manufacturing. Tu Son City is not only a dynamic economic center but also a cultural hub with traditional craft villages such as Dong Ky, famous for its fine wood carvings. With its advantageous geographical location, Tu Son is increasingly asserting its role as a bridge between Bac Ninh and the capital city of Hanoi.

At the ceremony, MB donated 500 million VND to Bac Ninh province for social welfare purposes.

After 30 years of development, MB is now a diversified financial group with 7 member companies and 1 wholly-owned foreign bank, operating effectively in the fields of: banking and finance, securities, asset management, insurance, and investment fund management. By the end of 2024, the total equity of the entire group is expected to reach approximately VND 113,000 billion, total assets approximately VND 1,080,000 billion, and pre-tax profit is expected to reach VND 28.8 trillion. In addition, as of the end of November 2024, MB had contributed VND 7,134 billion to the state budget. Source: https://www.qdnd.vn/kinh-te/tai-chinh/khai-truong-ngan-hang-quan-doi-chi-nhanh-kinh-bac-806354

Opening of the Kinh Bac branch of the Military Bank.

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