A bank moves its headquarters and more than 20 transaction offices.

In just two days, July 10 and 15, Vietnam Modern Bank (MBV) moved the locations of 23 transaction offices. On August 5, MBV continued to announce the move of its headquarters from Hai Phong to Hanoi.

Vietnam Modern Commercial Joint Stock Bank (MBV) recently moved its headquarters from 199 Nguyen Luong Bang, Le Thanh Nghi Ward, Hai Phong City (previously 199 Nguyen Luong Bang, Hai Duong City, Hai Duong Province) to a new address at Building No. 3 Lieu Giai, Ngoc Ha Ward, Hanoi City.

The official date of the change, according to the State Bank's approval document, is August 1. MBV then announced information about the change of headquarters on August 5.

The old headquarters of MBV at 199 Nguyen Luong Bang (Hai Duong City, former Hai Duong Province) was the "headquarters" of OceanBank (former name of MBV) from the early days when the bank converted from Hai Hung Rural Bank.

Before being forced to buy for 0 VND in 2015, this headquarters was always the place where OceanBank's annual and extraordinary General Meetings of Shareholders took place.

MBV moves headquarters and 23 transaction offices. Photo: MBV

Although the Charter and Operating License of OceanBank still state the head office at the above address, in reality the "brain" of this bank has been located in Hanoi since 2007 until now, from 18 Ngo Quyen (old Hoan Kiem district), to 4 Lang Ha, then at 1 Trung Hoa and most recently at Daeha Business Center building at 360 Kim Ma.

Therefore, moving the head office to the new address at 3 Lieu Giai, Ngoc Ha Ward, Hanoi City is not only meaningful in terms of procedures but also a strategic step in MBV's modernization journey. The new location clearly shows MBV's new development direction after becoming a member of the MB Group ecosystem.

Along with the relocation of the head office, on July 10 and 15, MBV announced the relocation of 23 transaction offices nationwide. The new locations of these 23 transaction offices are not far from the old locations. The transaction offices that have changed locations include:

12 transaction offices in Hanoi; 2 transaction offices in Hai Phong; 3 transaction offices in Nghe An; 1 transaction office in Ha Tinh; 3 transaction offices in Da Nang ; 1 transaction office in Quang Ngai and 1 transaction office in Ho Chi Minh City.

At the time of mandatory transfer to MB Bank on October 17, 2024, MBV has a network of 101 transaction points (21 branches, 80 transaction offices) present in 19 provinces/cities; total assets of VND 39,815 billion; outstanding customer loans of VND 32,936 billion; capital mobilization from customers of VND 44,605 billion; accumulated loss of approximately VND 19,628 billion.

At the recent Investors Conference, MB Bank leaders said that after more than 10 years of continuous losses, by June 2025 MBV had temporarily escaped losses.

Accordingly, MBV's goal is to become a modern digital bank, an advanced, high-quality, and highly effective risk management platform; overcome all accumulated losses; and the actual value of charter capital is higher than the legal capital. After completing the mandatory transfer plan, MBV basically meets the prescribed safety limits and ratios.

Bank Chairman after mandatory transfer: This year will definitely stop losses The debt of Novaland and Trung Nam Group customers is always of interest to investors and questions are raised to the leadership of the Military Commercial Joint Stock Bank (MB) at the General Meeting of Shareholders as well as investor conferences.

Source: https://vietnamnet.vn/mot-ngan-hang-chuyen-tru-so-chinh-cung-hon-20-phong-giao-dich-2431803.html