MSB sets a profit target of 8,000 billion VND

At the 2026 Annual General Meeting of Shareholders taking place on April 24, Vietnam Maritime Commercial Joint Stock Bank (MSB) approved the 2026 business plan and plan to increase charter capital. Accordingly, MSB expects total assets to reach 460,000 billion VND, an increase of 13% compared to 2025. Capital mobilized in market I and capital mobilization bonds reached 280,000 billion VND, an increase of 24% compared to the previous year. Total outstanding credit balance is expected by the bank to increase by 18%, to 244,000 billion VND. The bad debt ratio is maintained at below 3% according to regulations.

In addition, MSB shareholders have agreed to increase charter capital to 37,440 billion VND through the issuance of shares at a rate of 20% from equity capital, equivalent to 624 million shares, with no transfer restrictions. The implementation plan is expected to be implemented in 2026, depending on market conditions.

Along with strengthening its financial capacity, the bank submitted a plan to contribute capital and buy shares in a fund management company to convert this unit into a subsidiary, thereby expanding its capacity to provide investment and asset management products. At the same time, MSB plans to transform TNEX Finance Company Limited from a specialized model to a general financial company, aiming to diversify products and improve business efficiency.

In 2025, TNEX records positive growth with total assets reaching VND 7,017 billion, an increase of 84% compared to the previous year; Outstanding credit balance reached VND 3,805 billion, an increase of 114%; Revenue reached 699 billion VND, an increase of 95%. After conversion, this company is expected to continue to maintain growth momentum, with the following goals: total assets increasing by 20%, credit balance expected to increase over 100%, revenue expected to increase nearly 200% and profit before tax expected to increase over 700%.

At the congress, the Board of Directors announced MSB’s first quarter 2026 business results. The bank’s consolidated pre-tax profit reached nearly 1,890 billion VND, up 16% over the same period, completing nearly 24% of the year’s plan. Total assets reached nearly 413,000 billion VND. Efficiency indicators remained stable with ROA 1.55%, ROE 14.14% and NIM 3.23%.

The bank continues to control costs with the CIR ratio reduced to 34.51%. The CASA ratio reached 26.5%, while safety indicators were maintained under control with bad debt at 1.88%, LDR 62.91% and the ratio of using short-term capital for medium and long-term loans at 25.76%.

It is expected that in the first half of 2026, MSB will complete and issue an ESG strategy with a 5-year roadmap. The bank plans to deploy ESG initiatives throughout the system, while integrating the three pillars of Environment, Society and Governance into its business strategy and specific measurement index system.

Goals and KPIs will be allocated to each unit, ensuring compliance with the digital transformation roadmap and green growth orientation. The bank’s representative said that this orientation aims to improve management capacity, gradually integrating ESG into organizational culture, towards the goal of Net Zero and long-term sustainable value for shareholders, customers and the community.

The bank’s leadership also emphasized that the orientations and plans approved at the General Meeting of Shareholders will be an important basis for MSB to continue to realize the goals of 2026 and maintain growth momentum in the coming time.