Military Bank’s bad debts at 1.65%

Military Bank reported a bad debt ratio of 1.65% till the end of Q3.

The bank, through its general director, Le Cong, added that its total deposits increased 16% from early this year and total outstanding loans increased 14%, as of the end of Q3.

It’s pre- tax profit in Jan-Sep reached 2.161 trillion dong, or 77% of the year’s plan and its capital adequacy ratio  at 11%, higher than the currently regulated level of 9%.

MB also said that it is striving to be in top three largest commercial joint stock banks in Vietnam with annual growth rate of 1.5-2 folds against the average growth rate of the whole banking system.