From the first small unit that MB separated to form a 2-level banking system (1 system management level, 1 direct business level), after 19 years, MB Dien Bien Phu has affirmed its No. 1 position in the MB system.

Colonel Le Thanh Nam, Director of MB Dien Bien Phu, spoke at the conference.

When it was first established in 2004, the Dien Bien Phu branch only had a revenue of 130 billion VND, mobilized capital of 3,833 billion VND, outstanding debt of 2,778 billion VND, profit of 81 billion VND, total assets of 5,516 billion VND with 1 branch office and 7 transaction offices. By the end of June 2023, MB Dien Bien Phu had a capital mobilization scale of nearly 47,300 billion VND; outstanding debt scale of 15,825 billion VND; pre-tax profit of 560 billion VND; total assets of 64,700 billion VND; net revenue before risk of 610 billion VND... "The target of increasing the scale of capital mobilization has been well implemented by MB Dien Bien Phu, becoming the branch with the largest capital mobilization scale of MB; in the top 3 revenue contributors" - Colonel Le Thanh Nam, Director of MB Dien Bien Phu emphasized.

MB Dien Bien Phu awards collectives and individuals with outstanding achievements.

In the context of economic difficulties and increasing bad debts in the whole industry, MB Dien Bien Phu has paid great attention to controlling debt quality and managing credit risks well. The branch regularly reviews the loan portfolio including remote and on-site monitoring, develops prudent credit based on strengthening the restructuring of appropriate loan portfolio balance, ensuring strict compliance with the regulations and policies of the State Bank of Vietnam throughout the system. Overdue debt is always strictly controlled within the permitted limit.

MB Dien Bien Phu awards collectives and individuals with outstanding achievements.

As of June 2023, the branch's bad debt ratio is at a low level of 0.46%. Inheriting the first milestones since its establishment, MB Dien Bien Phu is known as the "Red Big Brother" of the entire system when it continues to affirm itself as: Being a unit with a special mission to serve the agencies of the Ministry of National Defense, large corporations of the Army and the State; being 1 of 3 branches with revenue after risk of over 1,000 billion VND; the first unit to reach the milestone of net revenue before risk of over 1,000 billion VND; 1 of the branches to achieve the first SME debt balance of 3,000 billion VND in the system; the first unit to achieve individual customer debt balance of 2,000 billion VND in Hanoi Region 1...

MB Dien Bien Phu awards collectives and individuals with outstanding achievements.

According to Colonel Le Thanh Nam, in the last 6 months of the year, MB Dien Bien Phu sets a goal of becoming the top 1 branch in net revenue after risks and labor productivity; one of the first branches to reach the revenue milestone of 2,000 billion VND/year; the number 1 branch in capital mobilization in the MB system. In particular, striving to become the number 1 branch serving national defense and security tasks.

Specifically, the target of capital mobilization scale in 2023 is 50,000 billion VND; outstanding debt scale is 20,000 billion VND; net revenue before risk is 1,500 billion VND; labor productivity/person is more than 25 billion VND/year.

MB Dien Bien Phu awards collectives and individuals with outstanding achievements.

Accordingly, MB Dien Bien Phu will continue to develop 3 business axes evenly and on all indicators (debt balance - mobilization - service - customer). In particular, it will focus on finding and expanding capital mobilization, developing customers with abundant capital and competitive interest rates, and taking care to create a growth breakthrough. Along with that, developing investor partners, developing safe and diverse credit scale (industrial clusters, housing real estate projects, production and business); promoting non-interest income activities, improving trade finance capacity, loan guarantees; investing and enhancing training of personnel with expertise and skills...

VU HUY HOANG

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