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Moody’s Ratings has upgraded MB’s long-term deposit ratings and issuer ratings from Ba3 to Ba2, with the outlook maintained at “Stable.” The upgrade brings MB’s rating to the same level as Vietnam’s country ceiling.
Moody’s also kept MB’s Baseline Credit Assessment (BCA) at Ba3, citing a positive assessment of the bank’s financial strength, operating efficiency, and sustainable growth prospects.
According to Moody’s, the upgrade is supported by MB’s profitability remaining high relative to peers of similar size and by a funding base that is increasingly reinforced. By end-2025, MB’s share of deposits rose to about 5% of the system, up from about 3% in 2021.
Moody’s further noted that government support for MB increased from “Medium” to “High,” reflecting the bank’s growing importance in the financial system. The ownership structure, with state-linked shareholders, also remains a factor supporting MB’s credit profile, with state-owned enterprises owning about 48% of MB’s shares by end-2025.
Moody’s said the upgrade to Ba2 is expected to strengthen customer, investor, and international partner confidence. It also provides MB with more room to expand its business, enhance its funding capacity in international markets, and maintain its position among Vietnam’s top-performing banks.
As of Q1 2026, MB reported positive results, with total consolidated assets exceeding VND 1.61 quadrillion. The bank also maintains a risk-management framework and high safety indicators.
Moody’s said growth is supported by an expanding customer base and a comprehensive digitization strategy. MB has served more than 36 million customers and recorded substantial transaction volumes on its digital platforms, reinforcing its position among leading financial institutions in Vietnam for digital transformation.
Founded in 1994, MB is a commercial bank operating across retail banking, corporate banking, investment banking, and digital financial services. The bank serves more than 36 million customers domestically and internationally through a wide network and a rapidly expanding digital ecosystem. MB also states it is committed to sustainable growth, innovation, and financial inclusion, and is incorporating ESG standards into its business.
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