MBBank
MBBank (HOSE: MBB) is a Hanoi-headquartered Vietnamese commercial bank founded in 1994, ranked Top 5 by total assets and Top 4 by pre-tax profit, serving retail, SME, corporate/CIB, and priority banking customers through App MBBank, BIZ MBBank, and a nationwide branch and ATM network.
- Company typePublic
- Founded1994
- HeadquartersHanoi, Vietnam
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What MBBank does
MBBank (Ngân hàng Thương mại Cổ phần Quân Đội / Military Joint Stock Commercial Bank) is a Hanoi-headquartered, publicly listed commercial bank (HOSE: MBB) founded in 1994 under the Central Military Commission — Ministry of National Defense, operating today as one of Vietnam's Top 5 banks by total assets and Top 4 by pre-tax profit. It serves four primary segments — Individual Retail, SME Business, Large Corporate/Institutional (CIB), and Priority/HNW — through a combined omnichannel distribution of branches, ATM/CDM/SmartBank kiosks, the App MBBank consumer mobile app, the BIZ MBBank corporate internet banking platform, and the MB247 24/7 contact center.
The product suite spans deposits and savings (VND personal savings rates 0.05–7.00% across tenors), lending (SME reference rates 7.00–9.90%, CIB 7.30–9.90%, credit cards 12–30%), trade finance (import/export LCs, bank guarantees, collections), syndicated lending, foreign exchange and commodity derivatives, and insurance distribution through subsidiaries MB Ageas Life and Bảo hiểm Châu Á (East Asia Insurance). Digital capabilities include NFC-enabled onboarding, Apple Pay–enabled MB Hi BIZ business cards, VietQR, QR Pay Later, MB TAP & GO contactless, MB MultiPass transit payments, and the Money Chat in-app messaging feature. Back-office modernization includes Nucleus Software's FinnOne Neo debt management platform, deployed with FPT IS Consortium, and AI-driven fraud/anomaly detection developed with Viettel Cyber Security, NVIDIA, and Check Point.
MBBank generates revenue primarily through net interest income on lending, fee and commission income from transactions, cards, remittances and trade finance, and digital banking distribution of investment and insurance products. It earns a Moody's Ba2 rating (upgraded May 2026) and Fitch BB/stable, and in 2025–2026 secured a $550 million syndicated loan from Landesbank Baden-Württemberg, OCBC Singapore, and Wells Fargo. Strategic priorities visible in the data include the October 2024 mandatory transfer takeover of OceanBank, the August 2025 partnership with Dunamu (Upbit operator) and OKX Ventures to build a licensed Vietnamese crypto exchange, and a continuous cadence of consumer and SME digital product launches through 2026.
MBBank firmographics
Firmographics- Name
- MBBank
- Legal name
- Ngân hàng Thương mại Cổ phần Quân Đội
- Website
- https://mbbank.com.vn
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- MBBank (HOSE: MBB) is a Hanoi-headquartered Vietnamese commercial bank founded in 1994, ranked Top 5 by total assets and Top 4 by pre-tax profit, serving retail, SME, corporate/CIB, and priority banking customers through App MBBank, BIZ MBBank, and a nationwide branch and ATM network.
- Ownership category
- akta.pro rank
MBBank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where MBBank is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices3 records
Markets served
MBBank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from lending activities minus interest paid on deposits, the primary revenue source for the bank
- Fee and Commission Income: Fees from transaction services, credit cards, remittances, trade finance, and digital banking services
- Digital Banking Services: Revenue from digital banking products, investment products, and insurance distribution through digital channels
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal savings interest rates range from 0.05% (demand deposit) to 7.00% (24-60 month terms) for VND deposits under 1 billion VND |
| Subscription | Monthly | SME reference lending rates from 7.00% (≤6 months) to 9.90% (>60 months) for VND with quarterly adjustment frequency |
| Subscription | Monthly | CIB (Corporate/Institutional) reference lending rates from 7.30% (≤6 months) to 9.90% (>60 months) for VND |
| Subscription | Monthly | Credit card interest rates range from 12%/year (MB Visa Credit Infinite) to 30%/year (standard cards) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels4 records
MBBank product offering
Product offeringCore offering
MBBank is a Vietnamese commercial bank providing retail banking (deposits, personal lending, credit cards, remittances), SME and corporate banking (working capital, trade finance, cash management, foreign exchange, syndicated loans, commodity derivatives), and priority/premium banking for high-net-worth individuals. Services are delivered through an extensive branch network, ATM/CDM/SmartBank self-service terminals, and digital channels including the App MBBank mobile application and BIZ MBBank corporate internet banking platform.
Product overview
MBBank operates as a comprehensive commercial bank offering a multi-channel digital banking platform with integrated products across retail, corporate, and priority banking segments. The core offerings include the App MBBank mobile application for retail customers, BIZ MBBank digital platform for business clients, and MB Priority premium banking services. Key product lines encompass lending (personal and business), deposits and savings, payment cards (including MB Hi BIZ business cards with Apple Pay), trade finance, cash management, foreign exchange, commodity derivatives, insurance (MBLife), and investment products. Digital innovation features include Money Chat messaging, MB TAP & GO contactless payments, QR Pay Later, MB MultiPass transit payments, and NFC-enabled digital onboarding. The bank serves individual consumers, SMEs, large corporations, and institutional clients through branch network, digital channels, and priority banking centers.
Differentiator
Problem solved
Functional benefit
Brands
- BIZ MBBank: Digital banking platform for business customers offering online business banking services
- MB PRIORITY
- App MBBank
- MB Hi Biz
Products and services
- App MBBank Mobile banking application enabling individual retail customers to conduct financial transactions, payments, savings, and account management on smartphones with simple, convenient operations.
- BIZ MBBank Digital banking platform for corporate and SME customers providing comprehensive business banking services including account management, payments, credit, trade finance, and foreign exchange through online channels.
- MB Priority Premium banking service for high-net-worth individuals offering priority lending, savings, cards, investment products, and insurance solutions with exclusive privileges and preferential interest rates.
- MB Hi BIZ Multi-purpose business debit card for SMEs supporting Apple Pay and enabling payment of business utilities including electricity, water, internet, and cable bills through the BIZ MBBank app.
- Trade Finance Services Comprehensive trade finance solutions including letters of credit (import/export), bank guarantees for import/export, and collection services for corporate and institutional clients.
- Syndicated Lending (Cấp tín dụng hợp vốn) Joint credit facilities where MB cooperates with other financial institutions to provide syndicated loans to customers, including co-sponsorship, co-discounting, and co-guarantee arrangements.
- Commodity Derivatives Commodity price risk management products including futures contracts, options, and swaps on agricultural products, metals, energy, and other commodities traded on international futures markets.
- Foreign Exchange Products Foreign exchange trading and hedging products including spot transactions, forward contracts, FX swaps, options, and interest rate derivatives for corporate customers managing currency risk.
- Deposits and Savings Personal savings products in VND and USD with interest rates ranging from 0.05% (demand deposits) to 7.00% (24-60 month terms) for VND deposits under 1 billion VND, with priority customers receiving preferential rates.
- Personal and Business Lending Diverse and flexible lending products suitable for multiple purposes with simple procedures, quick disbursement, including SME reference rates from 7.00% to 9.90% (VND) and CIB reference rates from 7.30% to 9.90% (VND) as of March 2025.
- MB Cards (Credit and Debit) Credit and debit cards including international cards such as MB Visa Credit Infinite (12% per year from January 2026), MB Visa Credit Priority/Platinum (25% per year), and standard credit cards (30% per year), with quick issuance and worldwide acceptance.
- Remittance Services International remittance services including international money transfers, foreign currency exchange, and inbound remittances from abroad to Vietnam, accessible through App MBBank with quick, secure, multi-currency processing.
- MBLife Insurance Life insurance products and solutions offered in partnership, including MBLife - An tâm toàn diện (Comprehensive peace of mind) and MBLife - Toàn gia hạnh phúc (Whole family happiness) coverage plans.
- MB MultiPass Transit payment card enabling cashless payment in public transportation, developed in partnership with Ho Chi Minh City Department of Construction for metro and public transit systems.
Quantifiable outcome
- Top 5 largest total assets among Vietnamese banks
- +2 more outcomes
Companies that use MBBank
Customer profileSegments4 records
Ideal customer profiles4 records
MBBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature3 records
MBBank partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship and core.
- OKXflagshipOKX, one of the world's leading digital asset platforms, signed MoU with VPBank to provide strategic advice and technology for Vietnam's crypto asset market pilot. This partnership framework also benefits MBBank's crypto exchange plans through shared regulatory technology and infrastructure.
- Nucleus SoftwarecoreNucleus Software successfully deployed its FinnOne Neo platform at MBBank for debt management and collection operations. Implementation was executed with FPT Information System Corporation Consortium to streamline internal workflows and improve debt recovery efficiency through automation.
- FPT Information System Corporation ConsortiumcoreFPT Information System Corporation Consortium partnered with Nucleus Software for implementation of the FinnOne Neo debt management platform at MBBank, ensuring compliance with Vietnamese legal requirements while leveraging international standards.
- Dunamu (Upbit operator)flagshipDunamu, the operator of Upbit exchange, signed agreement to support MB in establishing a cryptocurrency exchange in Vietnam. Dunamu will provide strategic advice, technology solutions, and capital injection through OKX Ventures to enable MB to meet regulatory requirements for crypto exchange licensing including minimum capital of 10 trillion VND.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
MBBank competitors and assessment
Company assessmentDirect peers
- TPBank: Vietnamese joint-stock commercial bank known for digital innovation (LiveBank) and retail/SME focus. Operates in the same competitive set as MBBank.
- VPBank: Major private Vietnamese bank active in retail (VPBank Neo, FE Credit) and SME lending. Competes with MBBank for the same retail and SME customer base and has overlapping crypto-exchange ambitions via its OKX MoU.
- VietinBank (CTG): One of Vietnam's Big 4 state-owned commercial banks with a nationwide branch and corporate banking franchise. Competes head-to-head with MBBank in the CIB and retail segments.
- Techcombank (TCB): Leading private Vietnamese commercial bank with a similar retail-and-SME focus and strong digital banking push (Techcombank Mobile). Closely comparable to MBBank in segment strategy and digital ambitions.
- ACB (Asia Commercial Bank): Private Vietnamese commercial bank with a strong retail and SME franchise, similar digital transformation journey, and comparable customer-base ranking among mid-tier banks.
- Sacombank: Vietnamese commercial bank with a large retail deposit base and CIB franchise. Underwent similar governance restructuring in 2026 and competes directly across the same product set.
- Vietcombank (VCB): Vietnam's largest commercial bank by market cap and assets, operating full retail, SME, and corporate banking. Most direct competitor to MBBank across the customer segments and product categories described.
- SeABank: Mid-sized Vietnamese commercial bank offering retail, SME, and corporate banking. Competes with MBBank particularly in SME lending and deposit gathering outside the Top 4.
- BIDV: Largest state-owned commercial bank in Vietnam by total assets, with extensive retail and SME operations. Direct competitor in mass-market banking products.
- HDBank: Mid-tier Vietnamese commercial bank with growing retail and SME lending portfolios, plus consumer finance (HD Saison). Comparable scale and customer segment mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MBBank social profiles
Digital presenceMBBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
MBBank leadership team
Management profileNumber of profiles
Profiles10 records
MBBank subsidiaries and ownership
Company hierarchySubsidiaries4 records
MBBank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MBBank M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MBBank
What does MBBank do?
MBBank is a Vietnamese commercial bank providing retail banking (deposits, personal lending, credit cards, remittances), SME and corporate banking (working capital, trade finance, cash management, foreign exchange, syndicated loans, commodity derivatives), and priority/premium banking for high-net-worth individuals. Services are delivered through an extensive branch network, ATM/CDM/SmartBank self-service terminals, and digital channels including the App MBBank mobile application and BIZ MBBank corporate internet banking platform.
Is MBBank a public or private company?
MBBank is a public company. It is classified as public and is currently operating.
When was MBBank founded?
MBBank was founded in 1994. It employs 1,001 to 5,000 people.
Where is MBBank based?
MBBank is headquartered in Hanoi, Vietnam, in the Asia region.
How does MBBank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are fee and Commission Income and digital Banking Services.
Who are MBBank's main competitors?
Direct peers on record are TPBank, VPBank, VietinBank (CTG), Techcombank (TCB), ACB (Asia Commercial Bank), Sacombank, Vietcombank (VCB), SeABank, BIDV and HDBank.
Does MBBank have an API?
No public API is recorded for MBBank.
What industry is MBBank in?
MBBank's product category is Commercial Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 522110 and its SIC code is 6021.