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Title: Military Joint Stock Commercial Bank Analysis Report - BUY
Category: Companies
Source: Saigon Securities Incorporation
Sector: Financials
Company: Military Commercial Joint Stock Bank
Date: 7/1/2015 Pages: 7 Language: English File Type: Size: 430 Kb
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MBB’s  pretax  profit was  down  1.5%  YoY  to  VND  797bn  in  1Q15  on  the back of sharp increase in provision charge (+49% YoY in 1Q15 vs. 31% YoY in 1Q14) despite robust growth in net interest income (+29% YoY in 1Q15 vs.  -1% YoY in 1Q14). Yet, the bank still accomplished 25% of its 2015 target pretax profit of VND 3,250bn (+2.4% YoY). 


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