High growth target, towards a scale of 2 million billion VND
Speaking at the congress, Chairman Luu Trung Thai said that the number of MB shareholders has exceeded 200,000, making the organization of the AGM a major challenge for the bank.
Regarding the business plan, in 2026 MB sets a pre-tax profit target of 15% compared to 2025 (34.268 billion VND), estimated at about 39.400 billion VND. The Board of Directors also said that it will strive to achieve a profit growth rate of 20%.
The bank expects credit and mobilization growth of about 30%, bringing total assets up 28%. If the plan is completed, MB's total asset scale may approach the milestone of 2 million billion VND - an important milestone helping the bank get closer to the group of large state-owned banks.
In parallel with expanding its scale, MB aims to maintain high financial indicators, with ROE around 20-21%, ROA around 2% and cost-to-income ratio (CIR) not exceeding 28%. The bank also controls the bad debt ratio at no more than 1.5% and maintains a bad debt coverage rate of over 100%.
Regarding operational orientation, MB continues to shift its lending structure to retail, setting a target of increasing the proportion of individual customers and micro-small enterprises by 1.5-3% each year. At the same time, the bank maintains its CASA ratio advantage to optimize capital costs.
Notably, MB sets a target for revenue from digital channels to account for 60% of total revenue, while continuing to invest heavily in artificial intelligence (AI) projects to improve labor productivity by at least 10%, striving to reach 20% per year.
In 2026, we continue the motto of rapid growth, focusing on speed, while ensuring sustainability and efficiency. MB aims for Top 1 in transaction customers and Top 3 in efficiency in the joint-stock commercial banking sector," Chairman Luu Trung Thai emphasized.
To realize the goal, the bank will expand operations related to FDI, promote technology and digitization investment, especially AI, and diversify capital sources to meet high growth needs. According to MB leaders, with a growth rate of about 30%/year, capital mobilization will be a key factor.
Profit of VND 9,500 billion in the first quarter, submitting capital increase plan of more than 27%
At the congress, General Director Pham Nhu Anh said that in the first quarter of 2026, MB's consolidated profit reached 9,500 billion VND, an increase of 13.3% compared to the same period; the bank alone reached 8,866 billion VND, an increase of 15.3%.
Total system revenue (including banks and member companies) reached 22,822 billion VND, up 21.5% over the same period, of which banks alone reached 14,740 billion VND, up 16.9%. Credit growth reached 3.3%, bringing total outstanding loans to 1.14 million billion VND.
Another noteworthy content is the plan to increase charter capital. MB plans to increase capital from 80,550 billion VND to a maximum of 102,687 billion VND, corresponding to an increase of 27.5%.
The capital increase plan is implemented through three components. First, the bank plans to issue more than 1.2 billion shares to pay dividends at a rate of 15%, thereby increasing capital by about 12,082 billion VND. Second, MB plans to offer 805.5 million shares to existing shareholders at a price of 10,000 VND/share, an implementation rate of 10%, without transfer restrictions to increase attractiveness to investors.
Third, the bank plans to privately offer a maximum of 200 million shares, expected to add about 2,000 billion VND of charter capital. Of which, 62 million shares belong to the previously approved plan, and the remaining 138 million shares will be additionally implemented. The offering price is not lower than the book value according to the latest financial statements.
According to MB, the capital increase aims to consolidate financial capacity, meet safety targets, improve risk management and create room to expand investment and business development. The additional capital expected to be about 22,137 billion VND will be used to supplement financial capacity and serve business operations.
Along with that, the bank submitted a profit distribution plan for 2025 with a dividend rate of 25%, equivalent to more than 20,137 billion VND. Of which, about 12,082 billion VND will be paid in shares (15%) and 8,055 billion VND paid in cash (10%), from accumulated undistributed profits up to December 31, 2025 of 21,234 billion VND.
MB also said that it is expected to maintain a dividend policy in the following years with a ratio of 15-20%, in line with the bank's growth plan and capital needs.
