On August 5, Military Commercial Joint Stock Bank (MB, HOSE: MBB) held an Investor Conference to update business results for the first 6 months of 2025 and orientation for the last 6 months of 2025. Mr. Luu Trung Thai - Chairman of MB's Board of Directors chaired the conference.
The conference was held online with the participation of over 300 representatives from investment funds and domestic and foreign securities companies.
MB holds an Investor Conference to update business results for the first 6 months of 2025 and orientation for the last 6 months of 2025
Maintain Big 5 position, leading many core industry indicators
MB is increasingly asserting its solid position in the Top 5 largest banks in Vietnam thanks to its strong financial foundation, outstanding profitability and pioneering digital transformation capabilities. As of the end of the first 6 months of 2025, MB's total assets reached 1.29 million billion VND, ranking in the Top 5 of the industry, just behind long-standing state-owned banks. This is the result of a process of sustainable growth in scale for many consecutive years, reflecting its stable capital mobilization capacity, ability to serve diverse customer needs and vision of expanding market share.
Reporting on MB's business results, Ms. Nguyen Thi Thanh Nga - MB's Finance Director said that in the first 6 months of 2025, MB's credit growth and capital mobilization scale was about 12%, but revenue growth reached over 25%. Net interest income (NII) grew 23% over the same period thanks to the bank's focus on growth and credit restructuring. On that basis, fee income (NFI) reached a high level (37%) over the same period.
MB has managed its operating expenses (CIR) well, with the cost growth rate being half the revenue growth rate. “Compared to the same period last year, MB’s growth momentum this year is better thanks to taking advantage of the growth room after MB received the mandatory transfer of the zero-dong bank, now MBV,” said Ms. Nga.
The non-performing loan (NPL) ratio is controlled at 1.6% for the whole group and 1.47% for the bank alone. According to MB's CFO, NPL will be tightly controlled in 2025, reaching the target of 1.5% (bank) and 1.7% (consolidated) by the end of the year.
The member companies all operate effectively in their own fields. The revenue of the member companies increased by 25%, profit increased by 39%, contributing about 9% to the total profit of the group.
“Over the past two years, we have applied a new, more direct corporate governance mechanism, and member companies have actively innovated and been creative in all activities. It can be seen that these have had a clear effect in the first half of 2025, reflected in the positive business results of member companies,” explained Mr. Luu Trung Thai, Chairman of MB Board of Directors.
Mr. Luu Trung Thai - Chairman of MB Board of Directors
All member companies maintained and improved their market share and position in the market. Specifically, Military Insurance Corporation (MIC) ranked in the top 4 in insurance premium revenue, MB Shinsei Consumer Credit Finance Company Limited (MCredit) ranked in the top 3 in the group of consumer finance companies, and MB Securities Joint Stock Company (MBS) ranked in the top 7 in securities brokerage market share in the second quarter of 2025.
In particular, recently, MIC has been officially awarded two international ratings by the world's leading insurance credit rating organization AM Best: B++ (Good) for financial capacity (Financial Strength Rating - FSR) and bbb (Good) for long-term issuer credit (Issuer Credit Rating - ICR), demonstrating the correct development strategy of member companies in particular and MB Group in general.
Digital asset business - a new piece of the MB ecosystem
At the conference, Mr. Vu Thanh Trung - Vice Chairman of MB Board of Directors said that the bank is expanding its ecosystem to the digital asset business field and cooperating with the world's top 3 partners in this field.
“MB is a bank with good technological capabilities with more than 2,000 technology engineers and large investments in the platform. Expanding into the digital asset business is inevitable so that MB's 33 million current customers have full options when using our ecosystem, not only stopping at banking services but also expanding to fund certificates, stocks, bonds... and moving towards digital assets,” Mr. Trung emphasized.
Mr. Vu Thanh Trung - Vice Chairman of MB Board of Directors affirmed that in 2025, digital transformation will continue to be the growth driver of MB. Key digital platforms such as App MBBank , BIZ MBBank and Banking-as-a-Service (BAAS) services strongly contribute to MB's growth in terms of number of customers, CASA, revenue, etc.
Specifically, by the end of June 2025, the number of MB customers reached nearly 33 million, a 13-fold increase over the past 5 years. MB's digital channel transaction scale maintained its top position in the market. Total revenue on digital channels reached VND 8.6 trillion, up 50% compared to the average in 2024 and accounting for 38% of the bank's total revenue. The rate of revenue on digital channels increased sharply every year, expected to reach 40% by the end of 2025.
In addition, MB is deploying BAAS and API models at high speed. “MB is leading the market in this business model,” MB leaders affirmed.
For BAAS, MB has had 783 connecting partners in 2024 and developed 228 new customers in the first 6 months of 2025. Currently, 1,210 APIs have been developed internally and are expected to reach 1,600 APIs in 2025. Along with that, MB is deploying 91 mini apps with 8 million billion VND in transaction value in the first half of 2025 alone.
In particular, Mr. Trung also said that recently, MB has successfully provided the core system integrating medical information technology for the first hospital in Vietnam. This is the first step for MB to be ready to go deeper and contribute more to the country's medical ecosystem.
Mr. Dam Nhan Duc - Chief Economist of MB
Sharing about the strategic orientation for the last 6 months of 2025, Mr. Dam Nhan Duc - Chief Economist of MB emphasized that MB will continue to promote new customers and effectively exploit existing customers, at the same time, increase mobilization growth in line with credit demand, focus on CASA and optimize terms and capital sources to maintain the cost of mobilized capital (COF) at 3.1-3.2%. Along with that, MB will strengthen group synergy, cross-sell and improve the efficiency of member companies, striving to increase the productivity of the whole group by about 10% in 2025.
At the end of the conference, Mr. Luu Trung Thai - Chairman of the Board of Directors commented: "With the current economic situation and targets as well as MB's competitiveness, MB is likely to achieve and exceed this year's plan."
Nguyen An
Source: https://doanhnghiepvn.vn/doanh-nhan/lanh-dao-ngan-hang-mb-he-lo-manh-ghep-moi-trong-he-sinh-thai-so/20250806065641804
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