On the August 2, 2008 at An Giang Confederation of Labour’s Hall, My Xuyen Bank (MXBank) celebrated the first half of 2008 ceremony and proposed the business orientation for the second half of the year which would be amended suitably with the current situation. The ceremony was progressing smoothly with the sharing of some attenders’ experience which has been derived from existing operation between board of leader and its staff.

The Deputy General Director, Mr. Nguyen Quang Tri, was behalf of the executing leaders to sumarize business operation of the first half of 2008. Although there were significant fluctuations in the first half that haven’t been positive for the business of the credit institutions, such as high inflation rate, the interest rate competition of credit institutions …etc which impaced considerably to MXBank’s business operation. However, MXBank still got good result because of its effort. The total of deposit mobilization has increased consecutively in the first half, especially there was a change in the structure of deposit mobilization (residents’ deposit rose up to 34.34 percent from 20.86 percent); the rapid development of operation network of the Bank with newly establishing a Branch, a Transaction office, five Saving Funds and two Credit Groups  province-wide. The Bank’s quantity of staff has also increased, the Board of Management has been tightly monitoring the fluctuation of the monetary policies and solved the problems of the whole system in time.

In the meeting, the Leader of MXBank announced the reward decision to the excellent staff for fulfiling the duty of the first half of 2008.

At the end of the meeting, Mr Nguyen Thanh Trung, the Deputy Chairman of the Board of Directors was behalf of the Board of Directors acknowlegded and set a high valuation of the whole staffs’ abilities who had overcome the difficulties, challenges to fulfil the duty. In addition, he gave out his experience and encouraged the whole staff to make more efforts for fulfiling the business plan for the rest of this year in order to contribute their abilities to the Bank’s overall development strategy.