Maintaining the Big 5 position, leading many core indicators of the industry
MB is increasingly affirming its solid position in the Top 5 largest banks in Vietnam thanks to its strong financial foundation, outstanding profit efficiency and pioneering digital transformation capability. By the end of the first 6 months of 2025, MB's total assets reached VND 1.29 million billion, ranking in the Top 5 in the whole industry, only behind long-standing state-owned banks. This is the result of sustainable scale growth for many consecutive years, reflecting stable capital mobilization capacity, the ability to serve diverse customer needs and the vision of expanding market share.
Reporting on MB's business results, Ms. Nguyen Thi Thanh Nga - MB Finance Director said that in the first 6 months of 2025, MB's credit growth and capital mobilization scale was about 12%, but revenue growth reached over 25%. Net interest income (NII) grew 23% over the same period thanks to the bank focusing on growth and adjusting credit structure. On that basis, fee-based income (NFI) reached a high level (37%) over the same period.
Operating expenses (CIR) are well managed by MB, with a cost growth rate of half the revenue growth rate. Compared to the same period last year, MB's growth momentum this year is better thanks to taking advantage of the growth room after MB received a mandatory transfer of 0 VND to MBV, now MBV, she said.
The non-permanent debt ratio (NPL) is controlled at 1.6% of the whole group and 1.47% for the bank alone. According to MB Finance Director, NPL will be strictly controlled in 2025, reaching the target of 1.5% (banking) and 1.7% (consolidated) by the end of the year.
Member companies (CTTVs) all operate effectively in their own fields. Revenue of CTTVs increased by 25%, profit increased by 39%, contributing about 9% to the Group's profit.
Over the past two years, we have applied a new, more face-to-face corporate governance mechanism, along with CTTVs actively innovating and being creative in all activities. It can be seen that these have clearly demonstrated their effectiveness in the first half of 2025, demonstrated in the positive business results of CTTVs, Mr. Luu Trung Thai - Chairman of the Board of Directors of MB explained.
CTTVs have maintained and improved their market share and position in the market. Specifically, the Military Insurance Corporation (MIC) ranked in the top 4 in insurance revenue, MB Shinsei Consumer Credit Company Limited (MCredit) ranked in the top 3 in the group of consumer finance companies, MB Securities Joint Stock Company (MBS) ranked in the top 7 in the securities brokerage market share in the second quarter of 2025.
In particular, recently, MIC has officially organized the world's leading insurance credit rating AM Best announced two international ratings including: B++ (Good) in financial Strength Rating ( FSR) and bbb (Good) in long-term issuance credit rating (Issuer Credit Rating - ICR), showing the correct development strategy of CTTVs in particular and MB Group in general.
Digital asset business - a new piece of the MB ecosystem
At the conference, Mr. Vu Thanh Trung - Vice Chairman of the Board of Directors of MB said that the bank is expanding the ecosystem to the field of digital asset business and cooperating with the world's top 3 partners in this field.
MB is a bank with good technology capabilities with more than 2,000 technology engineers and a large investment in the platform. Expanding to the field of digital asset business is inevitable so that MB's 33 million current customers have full options when using our ecosystem, not only stopping at banking services but also expanding to fund certificates, stocks, bonds... and moving towards digital assets," Mr. Trung emphasized.
Mr. Vu Thanh Trung - Vice Chairman of the Board of Directors of MB affirmed that in 2025, digital transformation will continue to be MB's growth driver. Key digital platforms such as MBBank App, BIZ MBBank and Banking-as-a- Service (BAAS) services strongly contribute to MB's growth in terms of customer numbers, CASA, revenue, etc.
Specifically, by the end of June 2025, MB's number of customers reached nearly 33 million, an increase of 13 times in the past 5 years. MB's digital channel transaction scale maintains its top 1 position in the market. Total revenue on digital channels reached 8.6 trillion VND, up 50% compared to the average in 2024 and accounting for 38% of total bank revenue. The rate of revenue on digital channels has increased sharply every year, expected to reach 40% by the end of 2025.
In addition, MB is deploying the BAAS and API models at high speed. MB is leading the market with this business model, MBs leader affirmed.
For BAAS, MB has had 783 partners connected in 2024 and developed 228 new customers in the first 6 months of 2025. Currently, 1210 APIs have been developed internally and are expected to reach 600 APIs in 2025. Along with that, MB is deploying 91 mini apps with 8 million billion VND in transaction value in the first half of 2025 alone.
In particular, Mr. Trung also said that recently, MB has successfully provided a core system integrated with medical information technology for the first hospital in Vietnam. This is the first step for MB to be ready to go further and contribute more to the country's healthcare ecosystem.
Sharing about the strategic orientation for the last 6 months of 2025, Mr. Dam Nhan Duc - Chief Economist of MB emphasized that MB will continue to promote new customers and effectively exploit existing customers, at the same time, mobilize growth in line with credit needs, focus on CASA and optimize terms and capital sources to maintain mobilization capital (COF) costs at 3.1-3.2%. Along with that, MB will strengthen the group's solidarity, cross-sell and improve the efficiency of payment service providers, striving to increase the total productivity of the group by about 10% in 2025.
At the end of the conference, Mr. Luu Trung Thai - Chairman of the Board of Directors commented: "With the current targets and situation of the economy as well as MB's competitiveness, MB is likely to achieve and exceed this year's plan."
