Company Insight

MBB's credit balance in the first 9 months of 2023 reached approximately VND577 trillion (+13.7% Ytd, credit room is about 24%). Customer deposits in the Q3/2023 have decelerated, only increasing by about 1%, in 9M/2023 increased by 8.1% Ytd. Non-performing loan ratio (NPL) increased from 1.44% in Q2/2023 to 1.89% in Q3/2023; However, MBB's group 2 debt also showed signs of reaching its peak when it decreased by more than 14% QoQ. Thanks to the improvement of Annualized NIM, MBB's net interest income in Q3/2023 reached VND 9,811 billion (+3.5% QoQ and 8.5% YoY). Accumulated in 9M/2023, MBB recorded pre-tax profit of 20,019 billion VND, (+10% YoY), reaching 76% of the year's plan.