MBBank

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.

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

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

• Retail banking services
• Commercial banking
• Corporate lending
• Digital banking
• Trade finance

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from lending activities minus interest paid on deposits, the primary revenue source for the bank
2. Fee and Commission Income: Fees from transaction services, credit cards, remittances, trade finance, and digital banking services
3. Digital Banking Services: Revenue from digital banking products, investment products, and insurance distribution through digital channels

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core 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

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• OKXflagshipTechnology or Integration · 14 April 2026OKX, 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 SoftwarecoreTechnology or Integration · 16 December 2025Nucleus 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 ConsortiumcoreImplementation/ SI/ Consulting Partner · 16 December 2025FPT 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)flagshipTechnology or Integration · 13 August 2025Dunamu, 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

Direct 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

• Facebookfacebook.com/VietnamMBBank
• Xx.com/appnganhang

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MBBank