MB has a new general director

Mr. Pham Nhu Anh, who has been with the Military Bank (MB) for nearly 20 years, has just been appointed as general director since May 18.

A month ago, Mr. Pham Nhu Anh was also assigned by MB as Deputy General Director in charge of the executive board, assuming the powers and duties of the General Director.

Mr. Pham Nhu Anh was born in 1980, graduated with a Master's degree in Business Administration - UBI Institute of Business Administration - Belgium, and a Bachelor of Economics majoring in Business Administration, University of Economics and Business Administration, University of Danang.

Mr. Anh has nearly 20 years of experience working in the finance and banking industry. At MB, Mr. Pham Nhu Anh has held many professional and management positions such as branch director, block director, and member of the executive board.

Mr. Pham Nhu Anh, new general director of MB. Photo: MB

Military Bank said that in the period 2007-2017, as the director of several branches, Mr. Anh led the leading branches in the Central and Southern regions. In April 2017, he was assigned to the position of Director of the large customer segment. Three years later, he was appointed as a member of the Executive Board, managing business activities of units in the Southern region and the large customer segment of MB. These units have all grown remarkably and safely, increasing from 2-5 times in the past three years.

In the first 3 months of this year, MB's consolidated pre-tax profit was over VND6,500 billion, up more than 10% over the same period last year, thanks to a reduction in risk provisions. Credit income still grew by 22% to over VND10,200 billion, but non-credit activities, such as services, trading and investment securities, foreign exchange, and other profits were all lower than the same period. For example, MB's net profit from services decreased by nearly 40% over the same period to about VND690 billion.

As of the end of March, MB's bad debt ratio was 1.75%, up from 1.09% at the end of 2022. In addition, although not classified as bad debt, group 2 debt also increased rapidly to more than 16,600 billion, double that of the beginning of the year.

Quynh Trang

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