MBB (HOSE) – Overview and evaluation

MBB stock is the stock name of Military Commercial Joint Stock Bank. This is a joint stock commercial bank of Vietnam and directly under the Ministry of National Defense. The bank was established on November 4^th, 1994by the main shareholders: Viettel, State Capital Investment Corporation, Vietnam Helicopter Corporation and Saigon Newport Corporation. After 29 years of operation, MB Bank has established a firm foothold in the market. MB Bank has always been known as a stable bank with strong growth rate, creating trust with customers.

1. Information about the business

Military Bank has a nationwide network with over 100 branches and over 296 transaction points spread across 48 cities and provinces. MB Bank also has a representative office in Russia, branches in Laos and Cambodia

1.1 Business areas

MB Bank is operating in the following main areas:

– Doing banking business under the decisions of the Governor of the State Bank of Vietnam.

– Custodian bank.

– Trading in bonds and other valuable papers as prescribed by law.

– Gold processing and processing.

– Trading in buying and selling gold.

– Insurance agency and other related services as prescribed by law.

– Other Money Intermediation

– Factoring activities.

– Providing services of asset preservation, cabinet rental, safe deposit box.

1.2 History of establishment and development of MB Bank

With the initial goal of meeting the needs of financial services for military enterprises, on November 4, 1994, MB Bank was born. With a charter capital of only 20 billion VND when established in 2009, MB completed the increase of charter capital to 5,300 billion VND.

On November 1, 2011, the Company was listed on HOSE. In 2021: the company’s charter capital has been raised to VND 37,783,217,770,000

1.3 Board of Directors

MB Bank was born due to the need for financial services for military enterprises, so the bank’s leadership gathered people who had held high positions and had great achievements in the Ministry of Defense.

The most prominent is Mr. Le Huu Duc – Chairman of Military Commercial Joint Stock Bank. He holds a Doctorate in Military from the National Defense Academy (2007) and has held the position of Deputy Minister of National Defense. In 2011, he returned to the position of Chairman of Military Commercial Joint Stock Bank (MB).

Mr. Le Huu Duc has made a strong impression on directing the construction of a governance model, and at the same time has oriented his strategy as well as his management method at MB Bank. He is also known for his fierce leadership style, the restructuring activities of member companies have brought many good results and impressive achievements.

It was this same Chairman who strengthened the military identity in the corporate culture of Military Bank, upholding the mottos “Strict discipline – Rule of law – Efficiency – Safety – Not afraid of competition – Be socially responsible”.

Vice Chairman of the Board of Directors cum General Director is Mr. Luu Trung Thai. Mr. Thai has been with MB for nearly 22 years and has held important positions of MB for many years such as Head of Credit Department, Branch Manager, Human Resources Director, and Deputy General Director. From 2011 to April 2014, he was assigned the role of Chairman of the Board of Directors cum General Director of MB Securities Joint Stock Company (MBS) and left many strong impressions in the process of company restructuring. On April 24, 2013, he was elected to be a member of MB’s Board of Directors for the 2009-2014 term and was officially assigned the position of Vice Chairman of the Board of Directors from September 2013.

In 2017, he was assigned the role of Vice Chairman of the Board of Directors cum General Director of MB. With his contributions, at the General Meeting of Shareholders for the term 2019 – 2024, he continued to be introduced by the Board of Directors and was elected to the position of Vice Chairman of the Board of Directors cum General Director of MB. Mr. Luu Trung Thai left his mark in 3 main points:

Firstly, he put on MB Bank a “new shirt” – a dynamic new brand identity and closer to consumers.

Secondly, the boldest strategy he gave was to focus on developing digital banking services to attract a new generation of users, which has made MB Bank outstanding compared to other commercial banks. on the market.

Third, the period of General Director Luu Trung Thai is the time when MB Bank officially turned up impressively after the sideways period in 2017 and earlier. At the end of 2019, MB recorded its name in the group of banks with a profit of over 10 trillion dong, one of the 3 joint stock commercial banks with the best profitability, highest productivity, and best working environment. most avid workers.

2. Information about the stock MBB

2.1 General information about the stock MBB

In 2011, the stock code MBB was listed on the Ho Chi Minh City Stock Exchange

General information related to MBB stock code:

– Transaction code: MBB

– Exchange: HOSE

– Industry group: Banking

– Industry: Finance and insurance

– Listing date: November 1, 2011

– Enterprise charter capital: 45,339,861,330,000 VND

2.2 MBB stock price and transaction history in 2022

From January 1, 2022 to December 31, 2022

– Price change: – 6,983 VND (-29%)

– Highest closing price: VND 28,667 (February 22, 2022)

– Lowest closing price: 14,150 VND (15/11/2022)

– Volume/day: 11,980,012 shares

– The session with the most trading volume: 51,622,400 shares (March 2, 2022)

– The session with the least trading volume: 3,013,100 shares (September 12, 2022)

2.3 Company highlights and stock ticker MBB.

2.3.1 Operational status of MB Bank

In 2022, with the completion of the financial ecosystem and drastic implementation of the digital business strategy, Military Bank recorded a total asset growth of 26% compared to the same period in 2021, significantly higher than that of the previous year. average rate of 19%/year. This is an impressive number when the economy is just going through a difficult time due to the impact of the COVID-19 epidemic.

Thanks to continuous testing and careful research on customer experience, the bank has succeeded in implementing many products, improving service quality, and satisfying user tastes. This is clearly shown in the numbers: in the first 8 months of 2022, the number of people using MBBank application has increased by 1.5 times compared to 2021.

In the report of the third quarter of 2022, the total assets of MB Bank reached VND 656,8 trillion, of which the balance of customer deposits was VND 377,145 billion. Pre-tax profit reached VND 6,200 billion, up nearly 62% over the same period.

Profits from credit activities also increased by 38%, bringing in nearly VND26,400 billion, net profit from foreign exchange trading and income from capital contribution and share purchase also increased by 46% and 64%, respectively. reached 1,340 billion and 127 billion dong.

2.3.2 About MBB stock

In 2022, Vietnam’s stock market witnessed record declines and MBB stock is no exception to this wave. However, in the long term, the potential of this stock is huge:

Credit has room for good growth and is a great source of revenue for MB Bank

Thanks to the effective marketing strategy and innovative and attractive services of Digital Bank, MB Bank is expected to attract more users.

MB has a capital cost advantage: With a diversified deposit structure and demand deposit structure, MBB can maintain the advantage of low cost of capital and high NIM margin in the long term.

Subsidiaries in MB’s financial ecosystem actively contribute to the group’s revenue and profit.

MB Bank applies digital transformation to increase productivity and reduce operating costs. This helps MBB to optimize costs and grow profits sustainably in the long term.

Pinetree Securities is completely free of transaction fees for life and applies a Margin interest rate of 9.9%/year from January 3, 2023 with no conditions. This is the best policy in Vietnam’s stock market today.

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