11:03:44 AM | 7/30/2025
On July 29, 2025, Military Commercial Joint Stock Bank (MB) announced its business results for the first 6 months of 2025 with many positive financial indicators. This result continues to strengthen MB's position in the Big5 group of leading joint stock commercial banks in Vietnam, while affirming its leading role in operational efficiency, financial strength and digital platform.
Comprehensive growth in scale and quality
As of June 30, 2025, MB's total consolidated assets reached nearly VND 1.3 million billion, an increase of 14.2% compared to the end of 2024. Of which, the total consolidated credit balance reached nearly VND 913 trillion, an increase of 12.5%, MB continued to expand sustainable credit. Asset quality continued to be effectively controlled with a bad debt ratio of 1.6%, and a bad debt provision coverage ratio of 88.9%.
Customer deposits also recorded a growth of 10%, reaching more than VND 783 trillion. In particular, demand deposits (CASA) continued to be a bright spot, reaching nearly VND 297 trillion, accounting for 37.9% of total customer deposits - one of the highest CASA ratios in the market, demonstrating the effectiveness of the digital banking platform.
Outstanding operating efficiency
In the first 6 months of the year, MB recorded a consolidated pre-tax profit of nearly VND 15.9 trillion, up 18.3% over the same period in 2024. Total operating income reached VND 32.6 trillion, up sharply by 24.6%, of which service income increased by 37%, showing that the strategy of diversifying revenue sources, especially from digital financial services, insurance and investment, is showing clear effectiveness.
The cost-to-income ratio (CIR) was at 27.3%, among the lowest in the system, demonstrating outstanding cost control ability. Consolidated net interest margin (NIM) reached 4.1%, maintained at a high level, thanks to optimizing the structure of profitable assets and a large proportion of CASA.
Individual Banks: Strengthening Core Strength
In individual operations, MB achieved outstanding loans of nearly VND831 trillion, up 13.1% year-on-year, reflecting a balanced growth strategy between individual and corporate customers. The bad debt ratio was only 1.47%, and the bad debt coverage ratio reached 90.9%, continuing to maintain credit quality. Capital mobilization increased by 12%, of which CASA reached nearly VND299 trillion, accounting for 38.2%.
Individual pre-tax profit reached more than VND15.5 trillion, up 17.9%, with total operating income increasing by 23.9%. Efficiency indicators were maintained impressively: CIR at 24.3%.
In addition to banking operations, MB's member companies continued to record positive results. In the first 6 months of the year, total revenue of member units reached VND 13,780 billion, up 25% over the same period; pre-tax profit reached VND 1,633 billion, up sharply by 39%.
Many units continued to affirm their position in each field of operation: MB Ageas Life held the TOP 1 position in Bancassurance market share; MCredit held the TOP 3 market share in consumer finance; MIC entered the TOP 4 largest non-life insurance companies in the market; MBS ranked in the TOP 7 market share in securities brokerage.
Assessing the performance of the first 6 months of the year, MB representative said that with total consolidated assets continuing to increase, approaching 1.3 million billion VND, the highest CASA ratio in the market and outstanding profitability (ROE reaching 20.71%), MB continues to affirm its leading position in the Big 5 group of joint stock commercial banks in Vietnam, while creating a clear competitive advantage through management capacity, digital platform and sustainable growth.
"This result is an important foundation for MB to move closer to the goal of becoming the leading digital financial group in the region, contributing to the stable and sustainable development of the Vietnamese financial and banking market", MB representative shared.
By Le Hien, Vietnam Business Forum
Vietnamese
