MSB will pay dividends at a rate of 20%

Increased charter capital to 31,200 billion VND

According to the published documents of the Congress, MSB submitted a plan to increase charter capital from VND 26,000 billion to VND 31,200 billion through issuing shares to pay dividends at a rate of 20% from undistributed accumulated profits after setting aside funds according to the 2024 Audited Financial Statement.

This year's dividend plan will ensure investment efficiency and shareholder benefits, while also demonstrating MSB's ability to maintain good growth rates in revenue, profit and safety ratios as set out in the strategy.

The capital increase also affirms MSB's vision for the goal of strengthening long-term financial capacity, creating motivation for the bank to achieve important goals in the coming years.

Business Plan 2025: Many positive indicators

MSB's 2025 business plan is based on 2024 results and research on market development scenarios.

The bank aims to grow with total assets reaching VND350,000 billion, up 9% compared to the beginning of the year; Total mobilization from market 1 and capital-raising bonds reaching VND202,000 billion, up 15% compared to 2024; Total outstanding loans (including loans to economic organizations and individuals, corporate bond investment) reaching VND212,000 billion, up 20%; Target profit is VND8,000 billion, up 16%; Bad debt ratio controlled below 3%.

Looking back at the 2024 fiscal year, MSB recorded a steady increase in total operating income (TOI) of 16% compared to the previous year, reaching over VND 14,200 billion, thanks to a net profit growth of nearly 11.5% while boosting non-interest income. The proportion of these two segments in total net operating revenue was at an efficient level - 72% and 28%. Profit before tax (PBT) recorded VND 6,904 billion, equal to 118% of 2023 profit and exceeding the plan set at VND 6,800 billion committed to shareholders.

Customer deposits at the end of the year reached over VND 154,600 billion, up 16.8% over the same period last year. Consolidated bank credit balance reached over VND 177,394 billion, with parent bank credit growth alone reaching 18.25%. This is the core driving force to raise MSB's total assets to nearly VND 320,200 billion as of December 31, 2024, up approximately 20% compared to the end of 2023.

The individual bad debt ratio of 1.83% shows the Bank's efforts in improving credit quality and controlling asset risks. The consolidated capital adequacy ratio (CAR) is at 12.39%, meeting the requirements of the State Bank and international standards Basel II.

MSB's sustainable profit growth, effectively and safely managed balance sheet, and increasingly improved asset quality are testament to the success of its effective business model, as well as positive results in investment decisions, especially for the digital transformation and green transformation journey that is taking place strongly.

The Bank's digital capabilities and convenient products and services will help MSB welcome a large number of new customers in 2024, bringing the total number of customers served by MSB to 6.2 million.

"Encroaching" into securities, fund management company

MSB plans to seek a suitable partner to transfer part of its capital or transfer 100% of its capital contribution at TNEX Finance. The transfer will help MSB have more resources to enhance its financial capacity, expand its scale, continue to invest in technology and potential projects, thereby focusing on promoting core business activities.

MSB representative said that this is a plan that the Bank has carefully considered, not only for 2025 but also for the previous period, due to the adverse impacts of market developments on financial companies in recent years. However, forecasts show that the Vietnamese consumer finance industry is entering the preparation stage for a new growth cycle and still has a lot of room for development due to the low penetration rate. Therefore, MSB will consult shareholders on this issue and implement it when market conditions are favorable.

In addition, MSB assesses the Vietnamese stock market and services in the Investment Banking sector as potential markets, playing the role of effective capital channels for the economy and is forecast to attract about 25 billion USD of foreign indirect investment each year into Vietnam.

From this basis, "encroaching" into the securities and investment banking sectors is one of the bank's future development focuses, bringing many benefits, typically: Firstly, MSB can build and develop a comprehensive financial model, based on providing comprehensive financial services such as: Securities brokerage, financial consulting and issuance of stocks, bonds, securities investment to asset management and fund investment...; Secondly, the bank can easily access and expand its field of operation to asset management, serving potential customers who want to invest in professional financial products; Thirdly, MSB can participate more strongly in the capital market, especially in the context of the Government 's efforts to upgrade Vietnam to an emerging market, opening up opportunities to welcome foreign capital flows.

In that context, MSB will have a great advantage in both providing commercial banking services and supporting businesses in raising capital through investment banking channels.

Source: https://thoibaonganhang.vn/msb-se-tra-co-tuc-voi-ty-le-20-163079.html