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Home / Economy / Banking & Finance
MHB officially handovers its system and merged with BIDV
Thu Minh 14:52, 2015/05/26
The Bank for Investment and Development Vietnam (BIDV) and the Mekong Housing Bank (MHB) signed the official merger agreement on May 25 in HCM Ctiy.
After the merger, BIDV increases its total assets to more than 700 trillion VND and its charter capital to 34 trillion VND in line with the expansion of its office network to almost 1,000 branches with 24,000 employees. 
 
Leaders of BIDV and MHB at the signing ceremony
Leaders of BIDV and MHB at the signing ceremony
As a result, MHB’s network of 44 branches and 187 offices across the country will operate under the name BIDV from May 25 onwards. 
A swap ratio of 1:1 is being applied to the merger, which maintains the status quo and guarantees all the rights and interests of account holders, shareholders and employees.
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