MSB will pay dividends at a rate of 20%.

At the General Shareholders' Meeting on April 21st, Vietnam Maritime Commercial Bank (HoSE: MSB) will seek shareholder approval for several important matters. These plans reflect MSB's relatively positive business outlook despite the unpredictable economic context; they also demonstrate the bank's ambition to capitalize on new opportunities based on its inherent strengths and potential.

Increase charter capital to VND 31,200 billion.

According to the General Meeting documents, MSB is proposing a plan to increase its charter capital from VND 26,000 billion to VND 31,200 billion through the issuance of shares to pay dividends at a rate of 20% from accumulated undistributed profits after the allocation of funds as per the audited financial statements for 2024.

This year's dividend plan will ensure investment efficiency and shareholder benefits, while also demonstrating MSB's ability to maintain strong revenue and profit growth and safety ratios as outlined in its strategy.

The capital increase also reinforces MSB's vision for strengthening its long-term financial capacity, providing impetus for the bank to achieve its key objectives in the coming years.

2025 Business Plan: Many Positive Indicators

MSB's 2025 business plan is based on the results of 2024 and research into various market scenarios.

The bank aims for growth with total assets reaching VND 350,000 billion, a 9% increase compared to the beginning of the year; total market deposits and bond issuance reaching VND 202,000 billion, a 15% increase compared to 2024; total outstanding loans (including loans to economic organizations and individuals, and corporate bond investments) reaching VND 212,000 billion, a 20% increase; target profit of VND 8,000 billion, a 16% increase; and a non-performing loan ratio kept below 3%.

Looking back at fiscal year 2024, MSB recorded a steady 16% increase in total operating income (TOI) compared to the previous year, reaching over VND 14,200 billion, thanks to nearly 11.5% growth in net interest income coupled with a boost in non-interest income. The proportion of these two segments to total operating net income was at an efficient level - 72% and 28%, respectively. Pre-tax profit (PBT) reached VND 6,904 billion, equivalent to 118% of the 2023 profit and exceeding the target of VND 6,800 billion committed to shareholders.

Customer deposits at the end of the year reached over VND 154,600 billion, an increase of 16.8% compared to the same period last year. The consolidated bank's outstanding loan balance reached over VND 177,394 billion, with the parent bank's loan growth alone reaching 18.25%. This was the core driving force behind MSB's total assets reaching nearly VND 320,200 billion as of December 31, 2024, an increase of approximately 20% compared to the end of 2023.

The individual non-performing loan ratio of 1.83% reflects the Bank's efforts in improving credit quality and controlling asset risks. The consolidated capital adequacy ratio (CAR) is at 12.39%, meeting the requirements of the State Bank of Vietnam and the international Basel II standards.

MSB's sustainable profit growth, effectively and securely managed balance sheet, and continuously improving asset quality are testaments to the success of its efficient business model, as well as the positive results of its investment decisions, particularly in its ongoing digital and green transformation journey.

MSB's digitalization capabilities and convenient products and services have helped it welcome a large number of new customers in 2024, bringing the total number of customers served by MSB to 6.2 million.

Fund management companies are venturing into the securities market.

MSB plans to seek a suitable partner to transfer a portion or 100% of its capital contribution in TNEX Finance. This transfer will provide MSB with additional resources to strengthen its financial capacity, expand its scale, continue investing in technology and potential projects, thereby focusing on boosting its core business activities.

A representative from MSB stated that this plan has been carefully considered by the bank, not only for 2025 but also for the period prior to that, due to adverse market developments affecting finance companies in recent years. However, forecasts indicate that the Vietnamese consumer finance industry is entering a phase preparing for a new growth cycle and still has significant room for development due to its low penetration rate. Therefore, MSB will seek shareholder approval on this matter and implement it when market conditions are favorable.

In addition, MSB assesses the Vietnamese stock market and its investment banking services as a potential market, playing an effective role as a capital channel for the economy and projected to attract approximately $25 billion in foreign indirect investment into Vietnam annually.

From this foundation, venturing into the securities and investment banking sectors is one of the bank's future development priorities, offering numerous benefits, including: Firstly, MSB can build and develop a comprehensive financial model based on providing a full range of financial services such as securities brokerage, financial advisory, and issuance of stocks, bonds, securities investment, asset management, and fund investment; Secondly, the bank can easily access and expand its operations into wealth management, serving potential customers who want to invest in professional financial products; Thirdly, MSB can participate more strongly in the capital market, especially in the context of the government's efforts to upgrade Vietnam to an emerging market, opening up opportunities to attract foreign capital.

In this context, MSB will have a significant advantage by providing both commercial banking services and supporting businesses in raising capital through investment banking channels.

Source: https://thoibaonganhang.vn/msb-se-tra-co-tuc-with-ty-le-20-163079.html