With digital trading platform, MB continues to grow CASA

On July 30, 2024, Military Commercial Joint Stock Bank (MB) announced its business results for the first 6 months of 2024, recording that CASA growth rate continued to lead the market.

The group's bad debt ratio is controlled at 1.64%, while the bank's alone is at 1.43%. Notably, this bank continues to maintain a market-leading CASA (non-term deposits) ratio of ~38.83% thanks to its large customer base and digital channel transactions. This advantage helps MB save on input capital costs and significantly increase business efficiency. The bank's own CIR is approximately 27.40%, with effective cost management; saving on COF capital mobilization costs ~3.22%. Sticking to the target of 30 million customers and with a standard information technology platform, in the first 6 months of 2024, MB attracted 1.8 million new customers, bringing the total number of customers the Bank is serving to 28 million customers. Comprehensive digital transformation meets ~1.6 billion financial transactions on digital channels (1.7 times higher than the same period in 2023), digital transformation rate reaches 99.3%; MB's money transfer transaction scale via NAPAS ranks first in the system for 3 consecutive years (2021 - 2023).

Continuing to adhere to the 2022-2026 strategy, MB is determined to conquer 30 million customers to celebrate the bank's 30th birthday (November 4, 1994 - November 4, 2024). MB is determined to achieve the goal of digital transformation to become a "Digital Enterprise, Leading Financial Group", prioritizing the development of sustainable development goals, consolidating the quality of all aspects of operations, focusing on building a Digital Corporate Culture, thoroughly and creatively applying effective working methods. At the same time, MB is positioned in the Top 3 in terms of efficiency and safety indicators, and strives to have scale and pre-tax profit indicators higher than the industry average.

Some of MB's highlights in the first 6 months of 2024: - Successfully organized the 2024-2029 General Meeting of Shareholders , completed the new 2024-2029 senior personnel with 11 members of the Board of Directors (including 1 independent member), and 5 members of the Supervisory Board. - Digital transformation: For the first time, the MasterCard Hi Cashback card line was launched, allowing customers to choose flexible cashback areas and manage expected cashback cash flow immediately after making transactions. - Continue to maintain MB's position and reputation both domestically and internationally: In recognition of its achievements in the first 6 months of 2024, MB received many prestigious awards at home and abroad such as: "Top 50 Best Enterprises in Vietnam 2024 (VNR500)", "Top 10 Prestigious Commercial Banks in Vietnam", "Top 10 Innovative, Creative and Effective Enterprises", "Innovative and Creative Products in the Banking Industry" award, along with a number of international awards: "Top 300 Most Valuable Banking Brands in the World ", "TAB - The Best Derivatives Provider" (Best Financial Derivatives Provider in Vietnam) and "TAB - Best FX Bank in Vietnam" (Best Foreign Exchange Bank in Vietnam) awarded by Asian Banker.