$

MBB

Military Commercial Joint Stock Bank
MBB.HM
Last Price
22,100.00
07:46 GMT / 17 JUL 2019
Value Change [%]
350.00
[(1.61%)]
Volume
8,006,500
Open
21,800.00
Day's High
22,200.00
Year's High
23,851.00
Previous Close
21,750.00
Day's Low
21,700.00
Year's Low
17,572.00
Earnings Per Share
3070.93
P/E Ratio
7.08
Lot Size
10
Div. Yield (%)
2.62
Dividend
570.00
Div. Pay Date
26 APR 2019
Ex-Div. Date
05 APR 2019
Last Trade
22100.00
Last Trade Time (GMT)
07:46
Last Trade 2
22100.00
Last Trade 3
22100.00
Volume
8,006,500
Turnover
176,074
Bid
22100.00
Bid Size
67,060
Ask
22150.00
Ask Size
191,720
Close Bid
22100.00
Close Ask
22150.00
aseanexchanges
@aseanexchanges

Military Commercial Joint Stock Bank offers a broad range of commercial banking services. These services include personal banking and corporate banking. The bank provides both traditional and e-banking solutions for customers. Military Commercial Bank's services include the provision of savings accounts, money lending, money transfers, foreign exchange services, and access to money markets.

  • Market News
UPDATE 1-Vietnam's MBBank to sell 7.5% stake to foreign investors this year - CEO
15 July 2019
source: reuters.com
 (Adds details)
    By Khanh Vu
    HANOI, July 15 (Reuters) - Vietnam's Military Commercial
Joint Stock Bank  MBB.HM  is seeking to sell a 7.5% stake to one
or more foreign investors this year, its chief executive officer
said on Monday.
    The bank, better known as MBBank, will issue around 123
million new shares and use 38.9 million treasury shares for the
stake sale, CEO Luu Trung Thai told Reuters on telephone.
    MBBank shares are trading at 21,500 dong apiece, potentially
putting the value of the deal at around 3.48 trillion dong 
($150.13 million).
    "We will sell the stake to one or more foreign investors,
and they will not necessarily be our strategic investors," Thai
said.
    The sale is part of the bank's move to raise its operating
capital and expand its operations over the next three years,
including investing in digital banking services.
    MBBank, which is among the largest listed banks in Vietnam
with a market capitalisation of nearly $2 billion, may organise
a roadshow for the stake sale later this year, Thai said.
    The bank reported a pretax profit of 4.82 trillion dong 
($207.94 million) in the first half of this year, up 26% from a
year earlier, Thai said.
    Vietnamese banks face substantial capital needs of as much
as $20 billion in the run-up to the adoption of Basel II
standards, scheduled for Jan. 1, 2020, said Fitch Ratings in a
note on Monday.  urn:newsml:reuters.com:*:nFWN24F010

 ($1 = 23,180 dong)

 (Reporting by Khanh Vu; editing by Gopakumar Warrier)
 ((khanh.vu@thomsonreuters.com; +84 24 38259623; Reuters
Messaging: khanh.vu.thomsonreuters.com@reuters.net))
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