Military Bank (MBB) was founded in 1994, and is now the 4th largest joint stock commercial bank (JSCB) and the 8th largest in Vietnam’s banking system with assets totalling VND141,688 billion (USD6.8bn). Northern Vietnam is the bank’s stronghold where majority of 166 branches and transaction offices are located; plans are to open 74 more locations in 2012 to fortify presence in central and southern Vietnam. MBB has 4,439 employees, of whom 77% hold a Master’s degree.