CEO Luu Trung Thai registered to buy 1 million MBB shares

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Vice President and General Director of MB Luu Trung Thai has just registered to buy 1 million MBB shares – a ticker that is having a modest increase over some other bank shares.

Mr. Luu Trung Thai owns more than 1.5 million MBB shares. If the transaction is successful, the number of shares he holds will increase to more than 2.5 million shares. According to the announcement from Military Bank (MB), Mr. Luu Trung Thai registered to buy through matching orders on the floor. Expected transaction from October 21 to November 19.

Closing the session on October 16, MBB’s share price stood at VND 17,850 per share, up more than 50% compared to the end of March. However, this rate increased by more than 17% compared to a month ago – quite modest compared with the increase of tens of percent of many other banking codes such as ACB, CTG, VIB, LPB It is estimated that at this price, CEO MB will have to spend nearly 18 billion dong to buy these shares. .

On the same day, October 16, MB also announced its third quarter financial report with 9 months’ combined pre-tax profit increasing by nearly 7% to VND 8,100 billion. Credit growth in 9 months was nearly 12% (only customer loans increased by nearly 7%) while mobilization decreased 1%, mainly due to the decrease in deposits of economic organizations.

Source: – Translated by