MB Bank Digital Transformation: Driving Strong Revenue and Profit Growth in Nine Months

Recently, Military Commercial Joint Stock Bank (MB, stock code: MBB) released its consolidated results for the first nine months of 2025, reporting impressive growth in scale, efficiency, and asset quality. These results highlight MB’s pioneering role in digital transformation, enhancing its service capacity, optimizing risk management, and strengthening its market position amid economic and financial volatility.

MB’s digital transformation not only improves customer experience but also drives revenue and profit growth

Digital transformation drives revenue and lending growth

By the end of September 2025, MB’s consolidated total assets reached VND1,329 trillion, up 17.7% from the beginning of the year, ranking among the fastest-growing banks in the system. Credit and bond investments in economic organizations totaled VND962 trillion, up 18.6%, with customer loans increasing 20%, SME lending up 18.5%, and retail loans rising 15.8%. These results reflect MB’s proactive role in providing capital to the economy, particularly in production, consumption, and infrastructure investment.

Total operating income reached VND48.1 trillion, up 24% year on year, with net service income increasing around 40% compared to the same period in 2024. Digital channels played a key role, serving more than 33.9 million customers and handling 9.6 billion digital transactions over nine months. Revenue from digital channels accounted for nearly 40% of total operating income, demonstrating the clear effectiveness of MB’s digital transformation strategy.

The strong growth from digital channels has not only boosted business efficiency but also expanded MB’s ability to deliver comprehensive services, maintaining a seamless connection between customers and financial products.

CASA growth, low funding costs, and effective risk management

Customer deposits reached VND788 trillion, up 10.3% year on year, with current and savings accounts (CASA) totaling VND292 trillion, up 27%, remaining among the highest in the market. Maintaining a high CASA ratio allows MB to keep funding costs low, optimize profit margins, and reinforce a sustainable financial structure.

Pre-tax profit for the first nine months reached VND23,139 billion, up 12% year on year, achieving 73% of the annual target. The cost-to-income ratio (CIR) fell to 27.9%, providing room to reduce lending rates in line with state guidance.

The consolidated non-performing loan ratio declined to 1.87%, with a coverage ratio of 80%, above the industry average, further solidifying MB’s strong financial foundation. These results show that MB not only focuses on growth in scale but also effectively manages risk, maintains high asset quality, and ensures value for customers and shareholders.

Sustainable profitability supporting the economy

“Digital transformation not only enhances customer experience but also directly contributes to revenue and profit growth. MB will continue developing its digital ecosystem, expand comprehensive financial services, and maintain a sustainable growth strategy,” an MB representative emphasized.

By focusing on digital transformation, MB has significantly increased electronic and online transactions, reducing traditional operational pressures and creating opportunities for innovative products. This allows customers to access convenient, fast, safe, and efficient services.

With its nine-month performance, MB reaffirms its leadership in digital transformation while balancing scale, efficiency, and sustainability, laying a solid foundation for long-term growth and contributing positively to the broader economy.

By Le Hien, Vietnam Business Forum