Military Commercial Joint Stock Bank (MB) was honored by The Asian Banker Magazine as “Best FX Bank in Vietnam” at the Transaction Banking Awards 2025 held in Jakarta, Indonesia. This is the fourth time in nine years and the second consecutive year that MB has received this award, affirming its outstanding capacity and leading position in the field of foreign exchange, derivatives and international payments.
MB was honored as “Best Foreign Exchange Transaction Bank in Vietnam” at the Transaction Banking Awards 2025. |
Affirming position in the field of foreign exchange, derivatives and international payments
According to The Asian Banker, MB was honored in the category of "Best Foreign Exchange Bank in Vietnam" thanks to its outstanding scale of operations, solid market position, strong digital transformation capabilities and high-quality human resources. With a large market share and a diverse product portfolio, MB's foreign exchange trading segment has maintained impressive growth over the years and is considered by the market as one of the top choices. In the past 3 years, foreign exchange trading turnover has grown by an average of nearly 30% per year; MB's foreign exchange market share has continuously been in the top 5 credit institutions in terms of efficiency and transaction scale. In 2024, MB's total operating income will reach more than 2.1 billion USD, up 17% over the same period; foreign exchange trading and service sectors play the main growth drivers. At the same time, MB continues to maintain high profitability with ROE reaching 21.5% and ROA reaching 2.2%, affirming its sustainable competitiveness in the industry.
In addition to outstanding business results, MB is also a pioneer in innovating digital services for corporate customers. The Biz MBBank platform has been upgraded synchronously, allowing customers to open import L/Cs online with processing time shortened by up to 80%, completed within 180 minutes. Features such as loan disbursement, spot and forward FX transactions have also been integrated, providing a seamless experience on a single platform. In addition, MB deployed MBeeChat - a digital interactive channel that helps customers negotiate and close FX transactions in real time. In particular, MB is a pioneer in applying artificial intelligence with the DOCAi solution in trade finance, helping to process documents faster and more accurately. Thanks to a series of comprehensive digital solutions, the rate of transactions via digital channels remains high, contributing to significantly improving MB's capital structure with a CASA ratio of 39.3% - the highest in the industry by the end of 2024.
“Best FX Bank in Vietnam” Award – A well-deserved recognition for MB’s efforts and innovative direction
The “Best FX Bank in Vietnam” award presented by The Asian Banker is a recognition of MB’s continuous efforts in providing foreign exchange services, international payments and financial solutions that meet the practical needs of customers. This achievement reflects MB’s professionalism, reputation and increasingly strong competitiveness in the modern banking sector. Not only a professional award, this is also an important milestone in MB’s journey to pursue a sustainable development strategy, focusing on customers and constantly innovating to improve service quality.
With the award "Best FX Bank in Vietnam" just achieved at the award ceremony held on May 22 in Jakarta, MB not only continues to consolidate its position as one of the leading banks in the field of foreign exchange and international payments in Vietnam, but also affirms its commitment to providing advanced, safe and effective financial products and services. The bank will continue to strive, innovate and develop financial solutions, bringing maximum satisfaction to domestic and foreign customers.
Thuy Linh
Source: https://congthuong.vn/mb-hai-nam-lien-tiep-nhan-danh-hieu-ngan-hang-ngoai-hoi-tot-nhat-viet-nam-388967.html
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