Specifically, the consolidated financial report for the second quarter showed that the Military Bank and its member companies (MB Group) continued to maintain stable business results. Accordingly, the Bank recorded total assets of more than VND 806 trillion, up 10.7% compared to the beginning of the year), pre-tax profit of the parent bank MB increased by 11.8% over the same period, reaching VND 11,950 billion; consolidated pre-tax profit increased by 7.1% to VND 12,735 billion. Consolidated customer deposits reached VND 475,406 billion, up 7.2% over the same period last year. MB's CASA ratio reached 37.06%, in group 1, the highest among joint stock commercial banks. The scale of CASA deposits continued to remain at the top of the industry.

Credit growth was one of the bright spots at MB in the first 6 months of this year with the outstanding loans of the consolidated MB bank increasing by 10.6% compared to the beginning of the year, in which the outstanding loans in the second quarter grew better than in the first quarter (growth of 6.8% compared to the first quarter, up 3.7%). In particular, MB focuses credit on potential customers, lending for production and business, priority sectors; promotes credit, provides credit for public investment projects, infrastructure construction, key production and spearhead industries of the country, creates momentum for economic growth according to the Government's policy, ensures safe and effective credit activities; strictly controls credit in areas with potential risks; creates favorable conditions for businesses and people to access capital.

In addition, MB also actively supports customers to borrow capital. From March 2023 to June 2023, MB has implemented preferential loan packages specifically for business customers with revenue under 100 billion, typically a policy of reducing interest rates by up to 2% for businesses borrowing capital online on the BIZ MBBank platform.

Regarding credit quality, MB's bad debt ratio increased slightly compared to the end of 2022, the consolidated bad debt ratio recorded 1.33% (including economic organization bonds), of which the bank alone was 1.12% and lower than the level of 1.76% at the end of the first quarter. This result was achieved thanks to the Bank's preparation in advance, fully provisioning for some problematic Covid-period restructured debts, to prepare for bad situations.

MB's operating costs are also controlled according to plan. Accordingly, the CIR ratio increased slightly compared to the same period in 2022 (32.79% compared to 32.63% in the same period in 2022).

Continuing to pursue the goal of "becoming a digital enterprise - a leading financial group", MB Group has applied technology, digitally transformed management and operation activities, pioneered the market in granting credit limits, disbursing international money transfers, signing credit documents using CA Cloud... In the first half of 2023, MB Group has implemented digital factory projects and platform initiatives. Thanks to that, the Bank has maintained the speed of attracting new customers, accumulating nearly 23.5 million individual customers and nearly 300,000 corporate customers by the end of June.

In addition to improving the experience on digital channels such as MBBank App and BIZ MBBank, diversifying services and products according to each customer's needs, MB continues to develop its transaction network through the MB SmartBank system (smart automated banking), helping the bank serve customers more comprehensively.

MB leaders shared that MB Group expects total assets to increase by more than 20% in the last 6 months of 2023, with credit growth for good customers. In the coming time, MB will continue to promote rapid growth of Guarantee products and services, with a trade finance target of 120% growth and Bancas and credit card segments increasing by more than 150%. At the same time, MB will continue to adhere to the goal of conquering 30 million customers in the period of 2022 - 2026.

YANGTZI