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At the annual shareholders’ meeting on April 18, many MB shareholders questioned the bank’s credit growth, which has been faster than the market average. In 2025, MB’s lending outstanding reached over 1,000 trillion dong, up nearly 40% year-on-year, and more than double the system-wide average of 19%. Deposit mobilization rose nearly 30% to about 921.4 trillion dong, but still lagged loan growth.
Responding to shareholders, MB CEO Pham Nhu Anh said part of the outstanding loans was transferred to Vietnam Modern Limited Liability Bank (MBV), the bank MB is required to transfer. The purpose is to generate income-earning assets for MBV. He added that the gap between MB’s deposits and lending is not a concern.
Pham Nhu Anh also said MB’s loan growth rate outpaced the market, but that it represents a “special opportunity” to accelerate. He noted that regulators allowed MB to grow credit by about 35% after the mandatory transfer of a weak credit institution.
“We see this as an opportunity to accelerate, to expand scale, and to strengthen our position in the system,”
He said MB’s funding comes from customer deposits, equity of about 150,000 billion dong, international funding of 3 billion USD, and interbank market funding. With diversified sources, the bank can maintain liquidity balance.
By the end of 2025, MB’s loan-to-deposit ratio (LDR) was 79%, meaning for every 100 dong raised, MB lends 79 dong. This remains below the 85% cap set by the State Bank. The CEO said that even amid liquidity challenges in late Q4 2025, MB balanced lending and deposits while other institutions reached the limit.
Pham Nhu Anh said profit growth depends largely on asset size and loan volume, as net interest margin (NIM) fluctuates around 3–4%. To boost earnings, MB’s leadership emphasized expanding scale while maintaining safety and risk controls.
Despite rapid growth, MB’s asset quality has continued to improve. The ratio of bad debts has declined over the past three years. For the consolidated report, this year is expected to be around 1.5%, while the parent bank aims to keep it below 1%.
Beyond credit growth, shareholders asked about MB’s plan to participate in the digital assets space. MB Chairman Luu Trung Thai said the bank plans to partner with a foreign unit to operate digital assets.
He said MB’s value proposition is not in running a digital assets exchange, but in providing services to investors. MB will therefore cooperate with digital asset exchanges to support settlement and sell more products. He added that MB does not have a direct license, but said missing a direct license is not a concern.
At the AGM, shareholders approved MB’s business plan for this year. The bank targets pre-tax profit to rise about 15% compared with 2025, to 39,400 trillion dong. Total assets are planned to grow 28%, surpassing 2 quadrillion dong.
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