Dear valued customers, Following Decision No. 254/CP-TTg dated March 01, 2012 by the Prime Minister, Decision No. 25/NHNN-TTGSNH dated April 25, 2015 by the State Bank of Vietnam (SBV) on the establishment of Steering Committee for the merger of Mekong Housing Bank (MHB) with BIDV, and Decision No. 589/QD-NHNN by the State Bank Governor approving the merger, BIDV completed necessary procedures for the merger in compliance with current law.

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The merger follows the government’s plan to restructure banks and was agreed by both MHB and BIDV. The entire merger process was completed within 55 days. As of end May 22, 2015, the MHB brand was officially removed and from May 25 all branches of MHB were operating under the BIDV banner. After the merger, BIDV’s total assets increased to over USD32 billion with owners’ equity of over USD1.7 billion, a network of 980 transaction points nationwide (182 branches, 798 transaction offices) and nearly 24,000 employees. This laid an important foundation for BIDV to enhance its business effectiveness and prepare for integration and competition with regional peers.

The overarching principle of the merger is that BIDV will inherit and ensure all legal interests and benefits of customers, shareholders and employees of the two banks. BIDV is committed and ensures to better satisfy all needs of customers. We look forward to your continued support and trust and believe that with our experience, capability and position in the banking and financial sector, we will be your reliable partner in your business growth. For further information, visit our nearest branch or call us on 19009247. Sincerely,

 

On behalf of the BIDV’s Board

 

Signed 

Tran Bac Ha

Board Chairman