MB rose to the top in asset growth among the Big 5 group

During the 2020-2025 period, when the economy suffered the double impact of the pandemic and macroeconomic fluctuations, many large banks recorded a slowdown in growth. In that context, MB stands out with its stable growth rate in all three indicators: asset scale, credit and market capitalization.
According to the Financial Report, from 2015 to 2025, this bank’s total assets will grow at a compound rate of 19.6% per year, far exceeding the average of 13-14% of the remaining banks in the Big 5 group. Particularly in the period 2020-2025, the average increase is nearly 22% per year, significantly higher than VietinBank (15.5%), BIDV (15%) and Vietcombank. (12.4%).

Even in the two years most severely affected by the epidemic, this bank’s total assets still increased steadily by 20-23% each year. By the end of the third quarter of 2025, this number reached more than 1.32 million billion VND, an increase of 18% compared to the beginning of the year, an outstanding result in the context of financial markets facing many pressures. At the 2025 Military Conference, Mr. Luu Trung Thai, Chairman of the Board of Directors of MB, said that total assets of MB reached 1.6 million billion VND, an increase of 35% compared to 2024. Profit before tax of the entire group reached over 34.2 trillion VND, an increase of 18.7% compared to last year.

Credit leads the momentum of asset expansion

Credit is the main growth driver. The above results come from a cautious but flexible credit strategy. While many banks are under pressure from their investment portfolios in real estate or corporate bonds, MB prioritizes capital flows to the fields of production – trade, small and medium enterprises, along with retail.

According to the financial report of the third quarter of 2025, MB’s customer loan balance reached more than 931,498 billion VND, a sharp increase compared to the end of 2024. Of which, wholesale and retail accounted for the largest proportion with 27.82% (259,103 billion VND), followed by household loans at 22.14% (206,240 billion VND) and processing and manufacturing industries accounted for 17.47% (162,743 billion VND). Meanwhile, the real estate sector only accounts for 10.42% of total outstanding loans, construction accounts for 4.13%. This credit structure helps MB both maintain growth and limit risks in the context of prudent monetary policy.

By the end of 2025, the bank’s outstanding credit balance will exceed 1 million billion VND, an increase of 35%. The average credit growth rate of 23% per year in the period 2020-2025 shows that the bank has effectively taken advantage of the allocated space. In addition, applying AI technology to the appraisal and disbursement process helps shorten processing time and improve efficiency, especially in the SME and individual customer segments.

“Digital transformation and security are inseparable. We not only digitize services, but also digitize the defense system. In the digital world, protecting customers must start before risks are formed,” an MB representative shared.

In addition to technological advantages, this bank also early deployed capital safety standards Basel II and Basel III, controlled bad debt below 1.5%, and coverage coefficient reached over 200%. Thanks to that, the organization is regularly granted credit growth limits higher than the industry average.

Effective and sustainable use of capital

Not only expanding scale, the bank also improves capital use efficiency. The return on equity index (ROE) remains stable at over 20% throughout the period 2019-2025, nearly double compared to 2015.

The demand deposit ratio (CASA) is always around 36%, among the highest in the system, allowing banks to reduce capital costs. With more than 33 million customers, most of whom belong to the payroll group and large businesses, the business has built a stable source of cheap capital. At the same time, the operating cost to income ratio (CIR) is maintained at 32%, lower than the industry average. Efficiency and safety indicators remain stable. The bad debt ratio in 2025 is controlled at less than 1.3%, completing the set plan. This is the result of promoting digital transformation, streamlining operations and optimizing internal processes.

Comprehensive ecosystem creates competitive advantage

Another highlight that helps MB rise is its diverse financial ecosystem including banking, securities, insurance and consumer finance. The close connection between member units creates conditions to promote cross-selling and increase non-interest revenue.

Notably, Mcredit – a consumer finance company is an important profit driver, thanks to its ever-expanding scale and strong recovery in domestic consumer demand. Currently, Mcredit is in the top 3 consumer finance companies in terms of lending market share in Vietnam.

In 2025, the profits of member companies will grow by 61%, of which, MBCapital will increase 67% of assets under management, Mcredit will reach the top 3 credit market shares, MB Bancas and MB Life will reach the top 1 and top 2 respectively, MBS will reach the top 7 brokerage market shares, and MIC will be in the top 4 non-life insurance market shares.

MB’s growth momentum is also reflected in the stock market. From 2020 to 2025, this bank’s capitalization will increase by an average of 19.5% per year, double the increase of Vietcombank and BIDV. In particular, in the brand valuation measurement results announced by Brand Finance on January 15, 2026, the MB brand surpassed the 2 billion USD mark, among the top 3 banks and top 10 most valuable brands in the country.

Maintain asset quality when expanding

Despite maintaining strong growth momentum, this organization still faces many challenges. According to a report by Guotai Junan Securities Vietnam, controlling asset quality and profit margin in the context of continuously expanding scale will be an important problem.

The bank’s leadership said that MB’s strategy is rapid but sustainable growth: expanding scale on a foundation of strict risk management and real-time data. The focus in the coming period is to improve capital efficiency, increase customer lifecycle value and maintain a leading position in digital transformation, aiming to become a digital enterprise and leading financial group.

From a mid-cap bank 10 years ago, this organization has now risen to the top in terms of asset growth among the Big 5, with many outstanding indicators. Rapid but steady growth momentum is opening up great space for the bank to continue to strengthen its position on Vietnam’s financial map.