AsemconnectVietnam - Military Commercial Joint Stock Bank (MB) announced its consolidated business results in Q1/2025 with many positive growth signals.

Accordingly, total consolidated assets as of the end of Q1 reached more than VND1.15 million billion, up 2.5% compared to the end of 2024. Total consolidated operating income reached more than VND15,300 billion, up 27.5% over the same period last year; net revenue after risk reached more than VND12,300 billion, up 32.5%. Consolidated pre-tax profit in Q1 reached VND8,386 billion, up 44.7% over the same period last year. Of which, MB's own profit reached VND7,689 billion, up 46.2% over the same period.
The consolidated cost-to-income ratio (CIR) improved sharply, reaching 25.78%, compared to 29.25% in the same period last year. For the parent bank alone, the CIR ratio decreased to 23.8% - the result of the strategy of promoting digitalization, streamlining operations and effective cost control.
The bank's own customer deposits reached more than VND723,200 billion, of which demand deposits maintained a high proportion. Consolidated customer loan balance reached nearly VND798,000 billion, up 2.7% compared to the end of 2024 - showing that credit flows were maintained stably, closely following the needs of the real economy.
Profitability indicators remained high in the industry. Consolidated ROA reached 2.34% and ROE reached 22.18%.
Mr. Pham Nhu Anh, General Director of MB shared that in the first quarter of 2025, MB's credit growth rate was 2.31%, which is a good growth rate compared to the whole industry and to ensure that in 2025, the credit growth room of over 24% will be fully utilized. In particular, MB continues to maintain the structure of more than 50% of credit focusing on retail, the remaining nearly 50% will focus on large enterprises, small and medium enterprises, and micro enterprises, this is MB's initial goal and will continue to be maintained in 2025.
On April 26, MB's Annual General Meeting of Shareholders in 2025 will take place at the National Convention Center - Hanoi. Here, MB will present to shareholders for approval important orientations in the growth strategy, comprehensive digital transformation and development of a modern financial ecosystem.
Specifically, MB plans to submit to shareholders a business plan for 2025 with pre-tax profit increasing by 10% compared to 2024, equivalent to a profit of VND 32,000 billion.
Regarding the total asset target, MB aims to increase by 21.2%, reaching nearly VND1.37 million billion by the end of 2025. Capital mobilization in 2025 is expected to reach a growth rate of 23.3% while credit is forecast to grow by approximately 23.7% in 2025, depending on the limit of the State Bank of Vietnam (SBV).
MB also aims to control the bad debt ratio at below 1.7% in 2025, and the capital adequacy ratio (CAR) in compliance with Base II at a minimum of 9%. Regarding indicators such as ROE (approximately 20-22%), ROA (approximately 2%) or CIR under 30%, it is among the top in the banking industry. MB is expected to have 34-35 million customers by the end of 2025 and will reach 40 million customers by 2029. The bank also plans to pay dividends at a rate of 35% (equivalent to VND21,556 billion) to pay dividends in both cash and shares. Of which, MB will pay dividends in cash at a rate of 3% and 32% in shares. With this rate, MB plans to issue more than 1.97 billion shares to pay dividends and will do so in 2025, after being approved by the management agency. MB also plans to issue an additional 62 million shares privately, equivalent to an increase in charter capital of VND620 billion, this plan has been approved by the 2024 General Meeting of Shareholders. If the capital increase is completed, MB's charter capital is expected to increase from more than VND61,022 billion to VND81,368 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan