The Military Commercial Joint Stock Bank (MB Bank) is seeking a potential investor to sell an additional 211.35 million shares in a private deal.

The move would allow MB Bank to transfer 21.43 million in treasury shares to foreign investors.

Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.

The merger and acquisition market in banking industry in the first half of this year has received new signal when Korean bank became a major shareholders of BIDV in early November with a record M&A deal worth US$890 million.

For the first time in years, the Bank for Investment and Development of Vietnam (BIDV) has fallen out of the list of the top five profitable banks in the face of the strong growth of joint-stock commercial banks.

Vietnamese banks are following their corporate clients by expanding abroad. 

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