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Banking & Finance

MB Bank's 2015 pre-tax profit at $144.48 million

Released at: 15:22, 21/04/2016

MB Bank's 2015 pre-tax profit at $144.48 million

Bank's audited consolidated financial report reveals handsome figures for 2015.

by Hung Nguyen

MB Bank has released its audited consolidated financial report for 2015.

Pre-tax profit was VND3.22 trillion ($144.48 million), in which banking activities were responsible for VND3.15 trillion ($141.34 million).

Return on Assets (ROA) reached 1.2 per cent and Return on Equity (ROE) 13.3 per cent, with a Capital Adequacy Ratio (CAR) of 12.85 per cent.

Non-performing loans stood at 1.62 per cent.

The ratio of short-term funds used for medium- and long-term loans was 22.87 per cent.

Total assets reached VND221.04 trillion ($9.91 billion), an increase of 10.3 per cent against 2014.

Charter capital stood at VND23.18 trillion ($1.04 billion), an increase of 35 per cent compared to 2014.

Capital mobilization increased 8.2 per cent against 2014, with credit growth 19.6 per cent higher (excluding two foreign brands).

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