
Military Commercial Joint Stock Bank (MB)
Chairman
Mr. Luu Trung Thai
CEO
Mr. Pham Nhu Anh
Authorized capital
Head Office
No. 18 Le Van Luong, Trung Hoa ward, Cau Giay district, Hanoi city
Website
Share
More info
Over nearly 30years of construction and growth, MB has grown and grown to become a versatile financial group with MB's parent bank in Vietnam & abroad (Laos, Cambodia) and its member companies. (in the fields of securities, insurance, consumer finance, fund management, asset management, life insurance). With effective business aspects, MB has affirmed its brand and reputation in the financial services industry in Vietnam. MB has diversified service and product activities on the basis of outstanding risk management, modern IT infrastructure, and strong expansion to expand its operations in new market segments besides traditional markets of a commercial bank. After nearly 30 years of construction and growth, MB is now considered to be a stable financial institution, reliable, safe and sustainable development with high reputation.
MMB is a financially sound, strong management, transparent information, convenient and pioneering service provider to realize its mission, an organization, a solid partner, trust. During the process of formation and development, under the leadership and direction of the Central Military Commission - Ministry of Defense, the State Bank and enthusiastic support and assistance of concerned agencies; units inside and outside the army; Military Commercial Joint Stock Bank (MB) promoted the good nature and glorious tradition of soldiers on the economic front; solidarity, initiative, creativity, self-reliance, self-reliance, overcoming difficulties, improving the quality of operations, bringing the best banking products and services to individuals, economic organizations and enterprises across the key provinces and cities of the country, contributing to boosting the economic development of Vietnam in general and improving the business efficiency of the banking sector in particular
(Source: MBB)
https://www.mbbank.com.vn/About/ve-mb?lang=EN
Related News

The Code for One-Way Remittances Outward: A Win-Win for All
The Vietnam Banks Association (VNBA) has just issued a set of unified rules and practices on the list and principles of providing documents for one-way remittance transactions abroad by residents who are Vietnamese citizens (hereinafter referred to as the "Code"). This Code will bring benefits to customers, banks and management agencies.

Banks optimise credit plans to boost efficiency
Military Commercial Joint Stock Bank (MB) is aiming to increase its outstanding credit volume and capital mobilisation by more than 25 per cent to surpass $40 billion by the end of this year. The bank is also targeting a maximum bad debt ratio of 1.7 per cent along with a bad debt coverage ratio of over 100 per cent

Banking mergers and acquisitions drive Vietnam’s future aspirations
If the activities and initiatives over the past few years are any indication to go by, we can safely say that the Vietnam’s banking sector will be entering a transformative phase in 2025 and beyond, marked by significant mergers and acquisitions (M&A) that have reshaped the industry landscape over the past few months.

Digital banking services in Việt Nam make remarkable stride
More than 87 per cent of Việt Nam’s adult population now hold payment accounts at banks while many credit institutions are processing more than 95 per cent of transactions through digital channels.

Innovative banking drives CASA recovery to 20 per cent threshold
In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.

Bank transfers lead to rebranding phase
Vietnam’s banking landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector.

Banking stabilisation on cards with mandatory deals
The domestic banking merger and acquisition landscape is being reshaped by mandatory transfers, marking a pivotal step in stabilising weak banks and strengthening the sector’s foundation.

Lowered lending rates to facilitate capital access
The fourth quarter is bringing soaring capital demand for production and housing, calling for timely preferential credit and rate cuts to empower businesses and citizens in driving consumption and robust growth

MB Economic Insights 10th: A decade of accompanying import-export businesses
The 10th annual 'MB Economic Insights' conference took place on October 25, in Ho Chi Minh City amid significant global economic and political upheavals.

MB’s nine-month credit growth outpaces industry average by 80 per cent
Military Commercial Joint Stock Bank (MB) has released its Q3/2024 financial results, highlighting a range of positive business indicators.

Banks' profit picture in Q3 creates mixed sentiment
Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.

Year-end credit growth driven by industrial sector
The stock, banking, and investment markets are awaiting the release of third-quarter financial reports, with corporate lending banks expected to show strong growth in Q4, while consumer lending banks may continue to face hurdles.

Liquidity pressure “substantial” on Vietnam’s banks
Intense liquidity pressures and surging interest rates are anticipated in the domestic banking sector as the year-end approaches.

Mandatory transfers announced for CB, OceanBank
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.

Acquisitions to help boost restructuring of weak banks
Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.