In 2025, the Government has set a GDP growth target of 8-10%, which will help the banking industry breathe easier with more room. According to MB representative, the bank's credit growth will likely fluctuate around 25-26%.
Updating the situation of MBV Bank after the mandatory transfer, MB representative said: "Since the time of receiving the transfer, MB has sent a team of experienced personnel as well as deployed many technologies to quickly complete MBV's apparatus. With these changes and the positive market, MBV is expected to soon recover and return to being a healthy business bank."
Sharing more about this issue, Mr. Pham Nhu Anh - General Director of MB - commented: "To help revive MBV, MB has sent a relatively elite force to MBV. At the same time, MB has also sold profitable debt to MBV and MBV can use that debt to borrow a relatively large amount of money from the Government and the State Bank with zero interest, thereby creating a profit-making mechanism for MBV".
The sale of outstanding debt to MBV does not affect MB's profitable assets, which is also something MB's General Director confidently affirmed.
In 2024, thanks to the mandatory transfer of OceanBank (now MBV), MB has had its credit room (a bank's lending limit) expanded to the highest level in the industry. In addition, according to the 2024 revised Law on Credit Institutions, banks participating in the mandatory transfer of weak banks will have their foreign room expanded.
However, with OceanBank (now MBV), MB has no plan to expand foreign room and currently the bank has not used up all of the assigned foreign room.
