MB Bank to transfer AAA Insurance stake to MB Capital

Military Commercial Joint Stock Bank (MB) has announced the transfer of its entire stake in AAA Insurance Joint Stock Corporation to its subsidiary, MB Capital (MB Asset Management Joint Stock Company).

The bank's Board of Directors approved the transaction through Resolution No. 46/NQ-MB-HĐQT. While the transfer of all shares has been authorized, the specific number of shares, ownership percentage, transaction value, and expected completion date have not yet been disclosed.

AAA Insurance reported low profits in the first half of 2026, attributed to declining insurance revenue and a significant increase in claim expenses. The company has stated a strategy of cautious growth for 2026, focusing on revenue quality and operational efficiency, with goals for higher growth starting in 2027.