AsemconnectVietnam - The Military Commercial Joint Stock Bank (MB - code MBB) is gradually consolidating its image as one of the strongest financial institutions in Vietnam, based on three strategic pillars: large asset scale, high profitability, risk management capacity and outstanding digital transformation. The latest figures show that MB not only maintains its position in the Top 5 largest banks, but also rises to the leading group in many core indicators of the industry.

Scale - Top 4 in total assets and charter capital
MB is increasingly affirming its solid position in the Top 5 largest banks in Vietnam thanks to its strong financial foundation, outstanding profitability and pioneering digital transformation capacity. By the end of the second quarter of 2025, MB's total assets reached VND1.29 million billion, ranking in the Top 5 of the industry, only behind long-standing state-owned banks. This is the result of a sustainable growth process over many consecutive years, reflecting the stable capital mobilization capacity, the ability to serve diverse customer needs and the vision of expanding market share. With a charter capital of approximately VND61,023 billion, MB continues to have room for strong investment in technology infrastructure, products and services and international standard risk management capacity. 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%, credit growth of approximately 23.7% (depending on the limit of the State Bank). At present, MB has 28.5 million MBBank App users, leading the private banking sector and is expected to reach 40 million customers by 2029.
Efficiency - Top 2 in terms of profit, Top 1 in ROE in the industry
Not only outstanding in terms of scale, MB is also in the leading group in terms of operational efficiency. At the end of the second quarter of 2025, MB continued to affirm its leading position in the Vietnamese banking system in terms of capital mobilization efficiency, with the CASA ratio (non-term deposits on total deposits) reaching an estimated 38% - the highest level in the industry. MB's current non-term deposit balance is over VND297,000 billion, contributing a large proportion to the total mobilization of more than VND783,400 billion. The high CASA ratio helps MB optimize capital costs and increase profit margin (NIM). Pre-tax profit in the second quarter of 2025 reached VND15,889 billion, ranking in the Top 2 of the industry. Return on equity (ROE) reached 21%, also ranked in the Top, reflecting the ability to effectively manage costs and optimize capital sources. Credit growth reached 12.5%.
Risk management: Bad debt is expected to be maintained below 1.7%, CAR meets Basel II standards
Another strength that cannot be ignored is MB's tight risk management capacity. Throughout the credit expansion process, the bank still controlled the bad debt ratio to maintain at a very safe level. In the second quarter of 2025, bad debt was recorded at 1.6%, among the best. MB aims to keep bad debt below 1.7% and has implemented advanced Basel II standards to increase risk tolerance and strengthen the confidence of investors and customers. This is an important foundation for the bank to maintain stable profits, while creating room for safe credit growth in the long term.
Leading the private banking sector in digital transformation
In addition to operational efficiency and risk management, MB is considered the leading private bank in digital transformation. The transaction rate via digital channels has reached 98.6%, far exceeding the system average. The MBBank App has reached 28.6 million users, becoming the banking app with the highest number of customers in the private sector, thanks to its ability to integrate multiple services and convenient user experience. As a result, the CASA ratio reached 36%, maintaining its leading position in the entire market from the third quarter of 2024 to present. High CASA helps MB maintain low capital costs, increase interest rate competitiveness and consolidate stable liquidity.
Positioning the Big 5
At the 2025 General Meeting of Shareholders, Mr. Luu Trung Thai, Chairman of the Board of Directors of MB, emphasized that MB will continue to adhere to its strategic goals, determined to become a "Digital Enterprise, Leading Financial Group". Currently, MB is still leading the private sector with 98.6% of transactions via digital channels; MBBank App is also the application with the highest number of users in the private sector.
In 2024, the Bank will exceed its set plan, becoming the first joint stock commercial bank outside of state-owned banks with a total consolidated asset size of more than VND1.12 million billion; maintaining its position in the Top 3 most efficient banks with high ROE, ROA, NIM indicators, CIR (cost to income) below 30%; pre-tax profit reaching VND28,829 billion, continuing to put MB in the group of banks with the largest profits in the system. Outstanding credit reached over VND811,000 billion (up 24.5%), with a tightly controlled bad debt ratio of 1.6% for the group and approximately 1.4% for the bank alone.
In a recent analysis report by Vietcombank Securities Company (VCBS), VCBS assessed MB as one of the banks with a solid financial foundation and leading operating efficiency in the system in both ROE and CASA ratio. This is a key factor helping MB maintain low capital costs and optimize NIM.
VCBS forecasts that MB could record pre-tax profit in 2025 of over VND32,000 billion, growing by about 20 - 25% over the same period. In particular, the main growth driver in 2025 comes from accelerated credit in the retail, small and medium-sized enterprises, digital banking services and integrated financial ecosystem, continuing to expand effective risk management, with bad debt controlled at a low level (~1.4%).
With the orientation of sustainable, effective and creative development, MB is gradually realizing the goal of becoming the most convenient digital bank and leading enterprise in Vietnam, firmly in the Big 5 group and continuing to reach the regional level.
N.Nga
Source: VITIC/Tinnhanhchungkhoan