The appeal of MBB shares

On the stock exchange, bank stocks always attract investor attention due to their growth potential. Among them, MBB shares of Military Commercial Joint Stock Bank (MB) are a preferred choice thanks to their efficient business operations.

Vietnam Foreign Trade Commercial Bank Securities Company Limited (VCBS) believes that, with its corporate model and dynamic business strategy, MB is a pioneer in digital transformation, leading in the number of customers and the ratio of current account deposits (CASA). Credit continues to grow at the highest rate in the industry, with estimates suggesting MB could achieve a credit growth rate of 28% in 2025 thanks to the impetus from both wholesale and retail credit. Meanwhile, MB continues to be prioritized for faster credit growth than the industry average, approximately 1.5-2 times faster, due to the mandatory acquisition of OceanBank (now renamed Vietnam Modern One-Member Limited Liability Bank - MBV).

Customers conducting transactions at Military Commercial Joint Stock Bank. Photo: PHUONG ANH

VCBS also assesses that MB's net interest margin (NIM) is expected to improve to 4.3% thanks to an increase in the CASA ratio (currently at 38%, the highest in the industry with a balanced structure from both individual and corporate customers). At the same time, MB has the opportunity to improve profitability as customers return to repaying loans. In addition, MB is boosting the proportion of retail lending to 50% of outstanding loans (currently accounting for 43%), especially in the consumer finance segment with Mcredit. With the rapidly increasing number of individual customers, currently exceeding 30 million, and the benefits from a comprehensive financial ecosystem, MB's cross-selling activities are expected to recover well in 2024 and will continue to contribute positively to non-interest income. In 2025, MB is expected to continue keeping non-performing loans below 1.7% thanks to MB's customers gradually recovering their debt repayment sources as the economy accelerates in the coming quarters, and the legal procedures for some large customers such as Novaland and Trung Nam being expedited.

As one of the leading joint-stock commercial banks, throughout its more than 30 years of development, MB is proud of the great values ​​it has brought to customers, shareholders, and society. The total value of MB Group's contributions to the state budget since its establishment is nearly VND 30,000 billion; and contributions to gratitude and social welfare totaling over VND 2,000 billion. By the end of 2024, MB's outstanding loan balance reached approximately VND 790,000 billion, an increase of 21.3% compared to 2023. In addition, MB has provided capital support for key projects and actively participated in financing many important projects of the State and the Military. Regarding credit orientation in 2025, MB prioritizes at least 50% of its credit growth limit for retail and small and medium-sized enterprises, with the remainder allocated to large enterprises. Continue to focus credit on manufacturing businesses and sectors prioritized by the Government .

Source: https://www.qdnd.vn/kinh-te/tai-chinh/suc-hut-tu-co-phieu-mbb-825007