MB continues to lead the market in CASA ratio in the first 6 months of the year

The report shows that by the end of the first 6 months of 2024, the entire MB Group (MBGroup) recorded a total asset growth of nearly 5% compared to 2023, reaching VND 988,605 billion. Outstanding customer loans grew by 10.3% compared to 2023, a high growth rate compared to the industry average.

The group's pre-tax profit reached VND 13,428 billion, up 5.4% over the same period in 2023; the bank's own pre-tax profit reached VND 13,168 billion, up 10.2% over the same period in 2023. MB's efficiency and safety indicators remained stable with ROA reaching 2.33%; ROE reaching 23.17%.

The group's bad debt ratio is controlled at 1.64%, with the bank alone reaching 1.43%. This bank continues to maintain the market-leading CASA (non-term deposits) ratio of about 38.83% thanks to its large customer base and digital channel transactions. This advantage helps MB save on input capital costs and significantly increase business efficiency. The bank's own CIR cost-to-income is approximately 27.4%, with effective cost management; saving on COF capital mobilization costs of about 3.22%.

The bad debt ratio of the whole group is controlled at 1.64%, the bank alone reaches 1.43%.

Sticking to the target of 30 million customers and with a standard information technology platform, in the first 6 months of 2024, MB attracted 1.8 million new customers, bringing the total number of customers to 28 million. Comprehensive digital transformation meets 1.6 billion financial transactions on digital channels (1.7 times higher than the same period in 2023), the digital conversion rate reaches 99.3%. MB's money transfer transaction scale via NAPAS ranks first in the system for 3 consecutive years (2021 - 2023).

MB also firmly pursues the goal of digital transformation to become a "Digital Enterprise, a leading financial group".

Continuing to adhere to the 2022-2026 strategy, MB said it is determined to conquer 30 million customers to celebrate the bank's 30th birthday (November 4, 1994 - November 4, 2024).

MB also firmly adheres to the goal of digital transformation to become a "Digital Enterprise, a leading financial group", prioritizing the development of sustainable development goals, consolidating the quality of all aspects of operations, focusing on building a digital corporate culture, thoroughly applying and creating effective working methods, at the same time, positioning MB in the top 3 in terms of efficiency and safety indicators, and striving for scale and pre-tax profit indicators to be higher than the industry average.

Some highlights of MB in the first 6 months of 2024:

The Bank successfully organized the 2024-2029 shareholders' meeting, completed the new senior personnel for the 2024-2029 term with 11 members of the Board of Directors (including 1 independent member), and 5 members of the Board of Supervisors.

MB also launched for the first time the MasterCard Hi Cashback card line, allowing customers to choose flexible cashback areas and manage expected cashback cash flow immediately after making a transaction.

In recognition of its achievements in the first 6 months of 2024, MB received many domestic and international awards such as Top 50 best enterprises in Vietnam in 2024 (VNR500), Top 10 prestigious commercial banks in Vietnam, Top 10 innovative, creative and effective businesses, Innovative and creative products award in the banking industry, and a number of international awards: Top 300 most valuable banking brands in the world, TAB - The Best Derivatives Provider (Best financial derivatives provider in Vietnam) and TAB - Best FX Bank in Vietnam (Best foreign exchange bank in Vietnam) awarded by Asian Banker.

Source: https://dantri.com.vn/kinh-doanh/mb-tiep-tuc-dan-dau-thi-truong-ve-ty-le-casa-trong-6-thang-dau-nam-20240730184543024.htm