MB to Hold Shareholder Meeting to Discuss Profit Distribution, Capital Increase, and…

Military Commercial Joint Stock Bank (MB - code: MBB) has recently announced the schedule for its Annual General Meeting of Shareholders (AGM) for the year 2024.


MB is expected to organize its annual general meeting in 2024 on April 19th at the National Convention Center, 57 Pham Hung, Me Tri, Nam Tu Liem, Hanoi. Prior to that, the bank has finalized the list of shareholders entitled to attend on January 18th, 2024.

At the meeting, the bank’s leadership will present to shareholders a number of proposals including: the Report of the Board of Directors, the Report on summarizing the 2019 – 2024 term and the direction of activities for the 2024 – 2029 term; the Report of the Supervisory Board on the results of the 2023 activities and the 2024 activity plan; Approval of the audited financial report and the 2023 profit distribution plan; Approval of the plan for using the owner’s equity in 2024, the plan to increase charter capital in 2024; The election of the Board of Directors, the Supervisory Board for the 2024 – 2029 term, and other matters within the jurisdiction of the General Meeting of Shareholders according to the laws and the MB Charter.

MB Chairman leads the annual general meeting in 2023

Prior to that, MB organized its annual general meeting in 2023 on April 25th at JW Marriott Hotel, Hanoi. All shareholders attending this year’s annual general meeting of MB were given an envelope with cash worth 500,000 dong per shareholder. The meeting was attended by about 1,000 shareholders.

In 2022, MB also gave cash of 500,000 dong to shareholders who attended the annual general meeting. This bank recorded more than 1,000 shareholders attending, making it one of the banks with the highest number of shareholders attending general meetings.

MB is known to be quite attentive in shareholder relations, not only in the past 2 years but also in previous years the bank often prepares gifts, including bank cards with a balance of 500,000 dong, electronic scales, etc.

At the year-end conference held on January 12th, MB announced a consolidated pre-tax profit of 26.2 trillion dong, up 15% compared to the previous year, and completed 100% of the annual plan. The parent bank recorded a profit of 24,688 billion dong, up 22%.

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