MSB

MSB of Vietnam Maritime Bank was the strongest gainer, closing at VND 14,900 per share, up 6.4%. This stock even hit the daily trading limit at VND 14,950 per share during the session.

Brand Finance states that MSB’s efforts in driving digitization and enhancing customer experiences have been the driving forces behind its brand strength, significantly contributing to the increase in brand value.

The significance of a high CASA ratio lies in its ability to dilute the costs associated with capital acquisition, ultimately bolstering profit margins.

The bank achieving a consolidated profit before tax of VND 3,548 billion for the first half of 2023, equivalent to 56% of the annual plan.

MSB – Leading the Way as Vietnam’s Outstanding Digital Transformation Bank

The bank also ranked 9th out of the top 10 banks with the largest CASA balance

The election of Mr. Schwarzhaupt as Chairman of the Board of Directors followed the divestment of all of Petrolimex Group’s capital in PG Bank

Only over 56% of the voting shares approved the merger plan, which did not meet the minimum requirement of 65% for approval

MSB has a higher credit growth rate than the industry average thanks to its participation in State Bank of Vietnam support projects, real estate lending relaxation, and expansion of lending to sectors supporting economic recovery

MSB’s 2023 business plan was developed with a prudent approach to maintain effective growth while ensuring capital adequacy, minimizing credit risks, and controlling bad debts

The partnership between MSB and Solv reflects the growing trend of collaboration between financial institutions and technology companies to provide more innovative and efficient solutions for businesses.

Recently, MSB was granted the best credit limit among banks by the State Bank of Vietnam at 13.5%, mainly due to the much lower LDR ratio compared to other banks

MSB’s strategy is to promote the development of the SME sector as the main growth driver in the near future.

The digital transformation is facing many challenges, such as legal barriers, big investment, train personnel to adapt to environment, cybersecurity, and customers’ perception of using digital products.

MSB continued its focus on operational safety indicators