This is the fourth time in nine years and the second consecutive year that MB has received this award, affirming its outstanding capacity and leading position in the field of foreign exchange, derivatives and international payments.
Affirming position in the field of foreign exchange, derivatives and international payments
According to The Asian Banker, MB is honored in the category "Best Foreign Exchange Bank in Vietnam" thanks to its outstanding operating scale, solid market position, strong digital transformation capacity and high quality human resources. With a large market share and a diverse product portfolio, MB's foreign exchange trading segment has maintained impressive growth and has been rated by the market as one of the top choices. In the recent 3 -year period, foreign exchange transactions have grown an average of nearly 30% per year; MB's foreign exchange market share is continuously among the group of 5 leading credit institutions in terms of efficiency and trading scale. In 2024, the total operating income of MB reached more than 2.1 billion USD, up 17% over the same period; The fields of foreign exchange and services play a driving force for the main growth. At the same time, MB continued to maintain a high profitability efficiency with ROE reaching 21.5% and ROA reached 2.2%, confirming the sustainable competitiveness in the industry.
In addition to outstanding business results, MB is also a pioneer bank in developing digital services for corporate customers. The Biz MBBank platform has been upgraded synchronously, allowing customers to open L/C online imported online with a shortened processing time of up to 80%, completed within 180 minutes. Features such as loan disbursement, FX transactions are delivered and the term has also been integrated, bringing a thorough experience on a single platform. In addition, MB deployed MbeeChat - Digital interaction channel to help customers negotiate and close FX transactions in real time. In particular, MB is at the forefront of artificial intelligence applications with Docai solution in trade financing, helping to handle documents faster and more accurately. Thanks to a series of comprehensive digital solutions, the transaction rate through the number of maintenance channels is high, contributing to significantly improving the capital structure of MB with the CASA ratio of 39.3% - the highest in the whole industry as of the end of 2024.
Best FX Bank in Vietnam Award Recognizing MBs efforts and innovation orientation
The Best FX Bank in Vietnam award presented by The Asian Banker is a recognition of MBs continuous efforts in providing foreign exchange services, international payments and financial solutions suitable for the practical needs of customers. This achievement reflects MB's professionalism, reputation as well as increasingly strong competitiveness in the modern banking sector. Not only a professional award, this is also an important milestone in MB's journey to pursue a sustainable development strategy, focusing on customers and continuously innovating to improve service quality.
With the "Best FX Bank in Vietnam" award just won at the awards ceremony held on May 22 in Jakarta, MB not only continues to consolidate its position as one of the leading banks in the field of foreign exchange and international payments in Vietnam, but also affirms its commitment to providing advanced, safe and efficient financial products and services. The Bank will continue to make efforts, innovate and develop financial solutions, bringing maximum satisfaction to domestic and foreign customers.
