MB achieved a profit of more than 23,000 billion VND, maintaining its top position in the banking industry.

MB achieved a profit of more than 23,000 billion VND, maintaining its position as the top player in the banking industry. (Photo: Vietnam+) — MB achieved a profit of more than 23,000 billion VND, maintaining its top position in the banking industry.

Military Commercial Joint Stock Bank (MB) announced its consolidated business results for the first 9 months of 2025, recording positive growth in terms of scale, efficiency and asset quality, affirming its internal strength in the context of many fluctuations in the financial market.

By the end of September 2025, MB's total consolidated assets reached VND1,329 trillion, up 17.7% compared to the beginning of the year, among the banks with the highest growth rate in the system. Outstanding credit and bond investment of economic organizations reached VND962 trillion, up 18.6%, of which outstanding customer loans increased by 20%, outstanding loans to small and medium enterprises increased by 18.5%, retail increased by 15.8%, demonstrating MB's proactive role in providing capital for the economy, especially in the fields of production, consumption and infrastructure investment.

MB's Total Income (TOI) reached VND 48,100 billion, up 24% year-on-year. MB provides a variety of financial services to customers, with net service revenue increasing by ~ 40% year-on-year in 2024.

Customer deposits reached VND788,000 billion, up 10.3% over last year; of which non-term deposits (CASA) reached about VND292,000 billion, up 27% over the same period, continuing to be among the market leaders, helping MB maintain low capital costs, sustainable structure, and optimized profit margins.

Along with positive business results, MB continues to affirm its pioneering position in digital transformation and the development of a comprehensive financial ecosystem. To date, the bank has served more than 33.9 million customers, recording more than 9.6 billion digital transactions in 9 months; digital channel revenue accounts for about 40% of total system revenue.

Pre-tax profit for the first 9 months reached VND23,139 billion, up 12% year-on-year, completing 73% of the yearly plan. Management costs were optimized, the cost-to-income ratio (CIR) reached about 27.9%, down about 2.34% year-on-year, creating room to reduce lending interest rates for customers according to the State's direction.

MB's consolidated bad debt ratio is at 1.87%, down 0.36% year-on-year. The bad debt coverage ratio is 80%, higher than the industry average, thereby continuing to consolidate a solid financial foundation for the next phase.

MB's leadership representative said: "The 9-month results show that the orientation of sustainable growth, effective risk management and strong investment in digital transformation are clearly showing results. MB will continue to maintain the balance between scale - efficiency - sustainability, accompanying the development of the economy"./.

According to Vietnam+

Source: https://baohaiphong.vn/mb-dat-loi-nhuan-hon-23-000-ty-dong-giu-vung-vi-the-top-dau-nganh-ngan-hang-524675.html