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-Vietnam Military Bank reports fiscal results.

Global Banking News-February 29, 2012--Vietnam Military Bank reports fiscal results(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 29 February 2012

Vietnam's Military Commercial Joint Stock Bank (MBB.VH) has reported a net profit of VND745.11bn in the fourth quarter of 2011, compared to VND375.14bn in the fourth quarter ended December 31, 2012.

In the fourth quarter ended December 31, 2011 pre-tax profit was VND861.84bn, compared to pre-tax profit of VND454.00bn in the quarter ended December 31, 2011. Total revenue was VND4.049tn in the fourth quarter of 2011, compared to VND2.789tn in the fourth quarter of 2010.

For the fiscal year 2011, the bank has reported a net profit of VND2.142tn, compared to VND1.712tn in 2010. For the year ended December 31, 2011 pre-tax profit was VND2.638tn, compared to pre-tax profit of VND2.288bn as of a year ago. Total revenue was VND14.329tn in 2011, compared to VND8.766tn in 2010.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Feb 29, 2012
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