Attracting great attention from investors, the 2025 Annual General Meeting of Shareholders (GMS) of the Military Commercial Joint Stock Bank (MB) opened an open discussion with many hot issues related to business plan, increased charter capital, bad debt, customer development strategy and capitalization.
Responding to the question about the ability to maintain business efficiency in the context of many uncertain macroeconomic conditions, Chairman of the Board of Directors of MB, Mr. Luu Trung Thai, said: "The 2025 plan has basically calculated the possible negative impacts. Estimated growth is about 20 - 25%, while profits are expected to increase appropriately by about 10%".
One of the notable contents is the plan to buy back fund shares, causing some shareholders to worry about reducing equity. However, Chairman of the Board of Directors Luu Trung Thai affirmed: "The purchase of fund shares is less than 1.2% compared to the capital increase. At the same time, we will increase charter capital by nearly 33% through dividend division in shares and individual issuance. This is a measure to support market stability and protect shareholder rights, especially in unfavorable situations".
Regarding asset quality and bad debt issues, MB Chairman informed that the consolidated bad debt ratio was 1.62%, while the bank was 1.35%, still lower than the general level of the industry. The decrease in bad debt coverage is a common trend in the context of the economy still facing many challenges. Therefore, MB is no exception.
Another content that shareholders are particularly interested in is the strategy of maintaining the CASA (no-term deposit) ratio at a high level. MB General Director Pham Nhu Anh said: "MB identifies maintaining its leading position in CASA as one of the key goals. We currently have a large customer base, expected to reach 35 million this year and may increase to 40 million in the next few years. MB is also researching and developing technology solutions, especially automated investment, to retain customers and enhance digital experiences".
Referring to the capitalization target, Mr. Luu Trung Thai frankly shared: "Currently, MB has a capitalization of more than 6 billion USD. The immediate target is 10 billion USD. If we continue to maintain the current growth rate, along with holding back profits instead of dividing them into 3 years, the stock value will certainly increase many times".
This year's Congress demonstrates the transparency and openness of MB's leadership in sharing development strategies, while being ready to listen to and respond to shareholders' opinions. This increasingly affirms MB's pioneering position in digital transformation, transparent governance and sustainable development in the banking industry.
