On July 30, 7, Military Commercial Joint Stock Bank (MB) announced business results for the first 2024 months of 6, recording that the growth rate of CASA continues to lead the market.
The bad debt ratio of the entire group is controlled at 1,64%, with the bank alone reaching 1,43%. In particular, this bank continues to maintain the market-leading CASA (demand deposit) ratio of ~38,83% thanks to its large customer base and transactions via digital channels. This advantage helps MB save on input capital costs and increase business efficiency significantly. The bank's own CIR is approximately 27,40%, effective cost management; save COF capital mobilization costs ~3,22%.
Sticking to the target of 30 million customers and with a standard information technology platform, in the first 6 months of 2024, MB Attracted 1,8 million new customers, bringing the total number of customers the Bank is serving to 28 million. Comprehensive digital transformation meets ~1,6 billion financial transactions on digital channels (1,7 times more than the same period in 2023), the digital transformation rate reaches 99.3%; MB's money transfer transaction scale via NAPAS ranked first in the system for 3 consecutive years (2021 - 2023).
Continuing to closely follow the strategy for the period 2022-2026, MB is determined to conquer 30 million customers to celebrate the bank's 30th birthday (November 04, 11 - November 1994, 04). MB is steadfast in its goal of digital transformation to become a "Digital Enterprise, a Leading Financial Group", prioritizing the development of sustainable development goals, strengthening the quality of all aspects of operations, with a focus on building Build a Digital Enterprise Culture, thoroughly and creatively apply effective working methods. At the same time, MB is positioned in the Top 11 indicators of efficiency and safety, with scale indicators and profit before tax striving to be higher than the industry average.
| Some outstanding marks of MB in the first 6 months of 2024:
– Successfully organized the General Meeting of Shareholders for the 2024-2029 term, consolidating senior personnel for the new term 2024-2029 with 11 members of the Board of Directors (including 1 independent member), and 5 members of the Supervisory Board. – Digital conversion: For the first time, launching the MasterCard Hi Cashback card line allows customers to choose flexible refund options and manage the expected cashback flow immediately after making a transaction. – Continue to maintain MB's position and reputation both domestically and internationally: Recognizing achievements in the first 6 months of 2024, MB received many prestigious domestic and foreign awards such as: "Top 50 Best Enterprises in Vietnam 2024 (VNR500)", "Top 10 Banks" Vietnam Prestigious Commerce", "Top 10 innovative, creative and effective business enterprises", "Innovative and creative products in the banking industry" award, along with a number of international awards: "Top 300 most valuable banking brands in the world", "TAB - The Best Derivatives Provider" (Best financial derivatives product provider in Vietnam) and "TAB - Best FX Bank in Vietnam" (Foreign bank Best Exchange in Vietnam) awarded by Asian Banker. |
PV
