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MB’s Annual General Meeting (AGM) in 2026, held on 18 April in Hanoi, approved proposals including profit distribution, a capital increase, and the replacement of one board member for the 2024–2029 term.
The standalone net revenue of the parent bank in Q1 2026 reached VND 14,740 billion, up 17% year-on-year. Consolidated pretax profit and the parent bank’s pretax profit stood at VND 9,500 billion (up 13%) and VND 8,866 billion (up 15%), respectively.
MB said it maintained strong profitability as it expanded its scale, with return on equity (ROE) and return on assets (ROA) remaining high versus industry averages. The cost-to-income ratio (CIR) was optimized to 26.05%, down 1.8 percentage points from 2024, placing the bank among the institutions with the best CIR in the sector.
A key driver of growth was the broad deployment of digital and artificial intelligence (AI) across platforms, helping standardize the customer experience, boost productivity, and optimize costs.
Alongside upgrades to digital infrastructure, MB focused on product development tailored to different customer segments. For individuals in the Priority, Premium, and Private segments, the emphasis is on housing and consumer purchases. MB Bank’s app is positioned as a tool to help younger customers build financial habits.
For corporate clients, MB said the full digitization of the credit process—including letters of credit (L/C)—shortens processing time to one-tenth of traditional methods.
The bank also maintained a broad physical presence, including 329 branches and representative offices, 120 SmartBank locations, 1,159 ATMs, and over 600 CRM/CDM devices nationwide.
MB continued to focus on sustainability and was recognized in the Best for ESG Vietnam 2025 category. Green credit outstanding reached VND 68,000 billion, about 9.7% of total system credit. The bank also implemented 13 social programs with total disbursement budgets exceeding VND 620 billion.
For long-term growth, MB allocated over VND 10,000 billion for human resources development and network expansion, with a human resources strategy centered on building a dynamic corporate culture to attract high-quality talent.
MB said there is no plan to divest from MCredit. Regarding MCredit, MB and its affiliates—including MB Capital and MBS—are undergoing restructuring to emphasize digital banking and investment banking solutions. MB said the parent bank provides support to its ecosystem to enable synergistic cross-selling.
MB leadership noted that MB’s subsidiaries currently contribute about 10% of total group profits. The strategic target is to raise this contribution to 30% in the coming years by strengthening core technology and data integration to facilitate cross-selling across the broader ecosystem.
The group is also pursuing overseas relationships for investment, including establishing a dedicated FDI client team and exploring commercial presence in Singapore, Taiwan, and China to capitalize on increasing international investment flows into Vietnam.
MB has eight subsidiaries spanning securities, fund management, consumer finance, and insurance, which it described as a “satellite network” to deliver services to its large customer base. The current contribution from these affiliates is around 10% of group profits, and management aims to lift this to 30% through stronger data connectivity and cross-selling opportunities.
On Novaland, MB said the real estate segment’s non-performing loan (NPL) ratio is about 1.12%, and overall exposure to Novaland is not classified as non-performing. For 2026, MB aims to keep group-wide NPL at about 1.5% and the parent bank’s NPL below 1%, with an NPL coverage ratio around 16%.
The AGM concluded with all proposals approved.
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