On December 10, in Tu Son city, Bac Ninh province, the Military Commercial Joint Stock Bank (MB) officially opened Kinh Bac branch, which is also the second branch of MB in Bac Ninh. MB opened its first branch in Bac Ninh in 2008. After 16 years, it has 4 transaction points and 2 Smartbanks, serving more than 418,000 individual and corporate customers, with a total outstanding loan balance of 6.3 trillion VND and capital mobilization of 7.8 trillion VND.
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| Colonel Luu Trung Thai, Party Secretary and Chairman of the Board of Directors of MB, spoke at the opening ceremony. |
Colonel Luu Trung Thai, Party Secretary and Chairman of the Board of Directors of MB emphasized: “The opening of Kinh Bac branch today continues to affirm MB's belief in the great economic development potential of the locality. With a central location, modern facilities and a team of enthusiastic and dedicated staff, we believe that MB Kinh Bac will provide products and services to customers in the best way, bringing practical benefits to customers, 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 attention and direction from the leaders of Bac Ninh province as well as the trust and companionship of the business community and local people so that MB Kinh Bac can develop strongly in the future."
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| Delegates cut the ribbon to inaugurate MB Kinh Bac branch. |
Bac Ninh is one of the localities with the fastest economic growth rate in the country. With a GRDP scale of more than 170,000 billion VND in 2023, along with a modern industrial park system, Bac Ninh has attracted hundreds of large and small enterprises, especially in the fields of high technology and electronic components manufacturing. Tu Son city is not only a dynamic economic center but also a cultural convergence with traditional craft villages such as Dong Ky, famous for its fine art wooden products. With a favorable geographical location, Tu Son is increasingly affirming its role as a bridge between Bac Ninh and the capital Hanoi.
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| At the ceremony, MB donated 500 million VND to Bac Ninh province for social security. |
After 30 years of development, MB is now a multi-functional financial group with 7 member companies and 1 100% foreign-owned bank, operating effectively in the fields of: Banking and finance, securities, asset exploitation, insurance, investment fund management. It is expected that by the end of 2024, the total equity of the whole group will reach approximately 113,000 billion VND, total assets will be about 1,080,000 billion VND, pre-tax profit is expected to reach 28.8 trillion VND. In addition, by the end of November 2024, MB has contributed 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 
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