Inspector points out a series of backlogs at MB Bac Sai Gon

Specifically, recently, the State Bank's Inspection Agency has just announced inspection conclusion No. 13/KL-TTRA on a number of contents at the Military Commercial Joint Stock Bank, North Saigon Branch - MB North Saigon.

Accordingly, the business results of MB Bac Sai Gon over the years have been effective, with income higher than expenses. MB Bac Sai Gon has made many efforts in implementing and complying with MB's internal regulations, regulations of the State Bank and legal regulations.

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Typically, these are in terms of administration, operation, risk management; compliance with legal regulations on anti-money laundering and anti-terrorist financing; compliance with accounting regimes; compliance with regulations on treasury safety, security protection for headquarters and transaction points.

Notably, besides the good results achieved, according to the inspection agency, MB Bac Sai Gon still has some shortcomings and limitations related to the inspection content, mainly related to credit granting activities such as: Appraisal, loan decision; Checking and monitoring loan capital,... On the side of loan customers, they have not complied with the agreement and commitment with the bank,...

In addition, according to the reporter's research, MB Bac Sai Gon was established under Decision No. 1780/QD-NHΝΝ dated December 8, 2005 of the Governor of the State Bank of Vietnam on the opening of MB branches and Document No. 87/NHNN-HCM.02 dated January 15, 2009 of the State Bank of Vietnam, Ho Chi Minh City Branch on confirming the name change of the Go Vap Branch of the Military Bank. MB Bac Sai Gon's network of operations includes the Headquarters and 2 affiliated transaction offices (Quang Trung Transaction Office and District 12 Transaction Office).

It is known that MB Bac Sai Gon participated in large credit activities including the purchase of bonds issued by a large corporation worth up to VND2,000 billion, including 4 groups of bonds. Of which, two bond packages worth VND1,000 billion matured in 2022 and 2023, the remaining two packages worth VND1,000 billion will mature in 2025 and 2026.

On the other hand, in the overall picture of MBBank 's operations, it can be seen that in 2024, MB recorded a credit growth rate of 24.3%, with the bank's outstanding credit balance reaching about VND 811,000 billion by the end of 2024. MB's credit structure focuses on areas such as wholesale and retail of automobiles and motorbikes (up 35%), real estate business (up 42%), accommodation services (up 34%) and construction (up 29%). MBBank has a bad debt ratio of about 1.2% in 2024.

While in the first quarter of 2025, MBBank's credit growth reached a credit growth rate of 2.31% with outstanding credit as of March 31, 2025, MBBank's consolidated loan balance reached nearly VND 798,000 billion, an increase of 2.7% compared to the end of 2024. MBBank's credit structure maintains a credit structure with more than 50% focused on retail and the remaining nearly 50% for large, medium and small enterprises.

MBBank sets a credit plan target for 2025 with a credit growth target of 25% for 2025, with at least 50% of credit room reserved for the retail segment and small and medium enterprises in the manufacturing sector./.

Source: https://baodaknong.vn/thanh-tra-chi-ra-loat-ton-dong-tai-mb-bac-sai-gon-253177.html