On November 4, in Hanoi , the Military Commercial Joint Stock Bank (MB) solemnly held the 30th anniversary celebration (November 4, 1994 - November 4, 2024) and received the First Class Fatherland Protection Medal awarded by the Party and State.
MB received the First Class Fatherland Protection Medal
Attending the ceremony were General Phan Van Giang - Member of the Politburo, Minister of National Defense ; Deputy Prime Minister Ho Duc Phoc; Governor of the State Bank of Vietnam Nguyen Thi Hong. Leaders of Central Committees, Ministries, and Branches; leaders of provinces, cities, diplomatic agencies, international organizations in Vietnam, domestic and international economic groups also attended.
At the ceremony, MB was honored to receive the First Class Fatherland Protection Medal awarded by the Party and State for its excellent performance in military trade payment and business tasks, contributing to the cause of building socialism and defending the Fatherland.
Aiming for the top 100 largest banks in Asia
General Phan Van Giang - Member of the Politburo, Deputy Secretary of the Central Military Commission, Minister of National Defense spoke at the ceremony.
Speaking to congratulate and acknowledge the important achievements that MB staff have achieved over the past 30 years, General Phan Van Giang, Politburo member and Minister of National Defense, affirmed: MB has always maintained an average growth rate of over 20%; controlled and managed bad debts well; organized safe, effective, legal activities, in accordance with the direction of the Central Military Commission and the Ministry of National Defense; closely associated with and accompanied enterprises in the entire army, participated in socio-economic development associated with the implementation of national defense and security tasks; actively participated in the monetary policy of the State Bank, contributing to maintaining macroeconomic stability, gradually becoming a bank with a high brand and reputation domestically and internationally.
Member of the Party Central Committee, Deputy Prime Minister Ho Duc Phoc spoke at the event.
On behalf of the Party and State leaders, recognizing and praising the efforts and achievements that MB has made, Deputy Prime Minister Ho Duc Phoc suggested that MB continue to take the lead in digital transformation as well as contribute to the development of green economy and digital economy according to the Government's orientation, focusing first on green infrastructure, green technology, and renewable energy. "Recently, MB has invested about 65,000 billion VND in green activities, I hope that in the next phase, MB will participate more in green investment," the Deputy Prime Minister emphasized.
Ms. Nguyen Thi Hong - Member of the Party Central Committee, Governor of the State Bank of Vietnam speaking
Appreciating the achievements of MB, Ms. Nguyen Thi Hong - Governor of the State Bank of Vietnam shared: "Up to now, MB has become a large-scale bank, of importance in the system of credit institutions in Vietnam; MB's financial, management and operational capacity has been increasingly improved; business performance and service quality for people and businesses have been constantly improved; digital transformation has achieved many outstanding results; MB's brand, image and reputation have been increasingly affirmed both domestically and internationally."
The Governor of the State Bank also suggested that in the coming time, MB should strive to soon become a bank with regional development, in the top 100 largest banks (in terms of total assets) in the Asia region, contributing to the completion of the goals assigned by the Party and the State to the banking industry by 2025; at the same time, focus resources to successfully implement the plan to receive the transfer of OceanBank.
Digital Enterprise, Leading Financial Group
Mr. Luu Trung Thai - Chairman of MB Board of Directors said that MB operates according to the financial group model including 3 banks (MB, MBCambodia, OceanBank) and 6 member companies (MIC, MB Ageas, MBS, Mcredit, MBCapital, MBAMC) operating in the fields of life insurance, non-life insurance, securities, consumer finance, fund management, debt management and asset exploitation.
Mr. Luu Trung Thai - Chairman of MB Board of Directors delivered the opening speech
“MB’s business activities always prioritize safe development, firmly and effectively consolidate based on technology and management, operation, and sustainable development; at the same time, it is an organization with social responsibility and high responsibility to the community,” affirmed the Chairman of MB’s Board of Directors.
MB General Director Pham Nhu Anh speaks
Speaking at the ceremony, Mr. Pham Nhu Anh - Member of the Board of Directors, General Director of MB affirmed that MB will accept the direction and strive to excellently complete the assigned tasks, soon conquer the strategic vision of becoming a "Digital Enterprise, Leading Financial Group" with the mission of bringing added values to the country, shareholders and customers.
In the coming years, MB's Board of Directors said that the bank will continue to adhere to the strategic goals for the 2022 - 2026 period, focusing on building a digital corporate culture, thoroughly applying and creating new working methods, while 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.
By 2026, MB aims to serve all customers using digital platforms; 50-70% of revenue is generated from platforms. In addition, the bank prioritizes sustainable development, strengthening the quality of all aspects of operations, investing resources and platforms for long-term development strategies./.
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