HANOI — Military Commercial Joint Stock Bank (MB Bank), one of Vietnam’s top private lenders, reported a pre-tax profit of VND 23.1 trillion ($915 million) for the first nine months of 2025 — a 12% increase year-on-year, underscoring the bank’s strong performance amid Vietnam’s fast-growing financial sector.
Rapid Asset and Lending Expansion
According to its financial report, MB’s total consolidated assets rose 17.7% from the beginning of the year to nearly VND 1.33 quadrillion ($52.6 billion) — placing it among the fastest-expanding banks in the Vietnamese market.
The bank has already achieved 73% of its full-year profit target, driven by robust credit growth. Outstanding loans reached VND 931 trillion ($36.8 billion), up almost 20%, with strong momentum across all segments — SME lending up 18.5% and retail loans up 15.8%. MB said it continues to prioritize capital for key sectors such as manufacturing, consumption, and infrastructure investment.
Diversified Revenue and Solid Balance Sheet
MB’s total operating income climbed 24% year-on-year to VND 48.1 trillion ($1.9 billion), while net service income surged nearly 40%, reflecting successful diversification beyond traditional lending.
Customer deposits also showed resilience, reaching VND 788 trillion ($31.1 billion), a 10.3% increase compared to last year. Notably, the bank’s low-cost CASA (Current Account Savings Account) deposits grew 27%, reaching VND 292 trillion ($11.5 billion). This high CASA ratio has helped MB maintain a low funding cost and strong net interest margin (NIM).
The cost-to-income ratio (CIR) improved to 27.9%, down 2.3 percentage points from the same period last year, while non-performing loans (NPLs) dropped to 1.87%, with a coverage ratio of 80%, above the industry average.
Digital Transformation as a Growth Engine
A key growth driver for MB continues to be digital transformation. The bank now serves over 33.9 million customersand recorded 9.6 billion digital transactions in the first nine months of 2025 alone. Digital channels contributed nearly 40% of total revenue — a testament to MB’s success in building a comprehensive financial ecosystem that spans payments, lending, insurance, and investment services.
“The results of the first nine months demonstrate the effectiveness of MB’s sustainable growth strategy, sound risk management, and strong digital investment,” an MB executive said. “We remain focused on balancing scale, efficiency, and sustainability while supporting Vietnam’s economic development.”
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Source: Vietnam Insider