In Q3 alone, MSB’s net interest income surged by 17% year-over-year, reaching VND 2,815 billion.
Conversely, several non-interest income streams experienced declines, including service fees (-46%), other operating income (-39%), and trading securities, which reported a loss. Notably, foreign exchange operations turned a profit of nearly VND 285 billion, a stark contrast to the loss reported in the same period last year.
Operating expenses rose by 14% to VND 1,326 billion. As a result, net profit from operations increased by 17% to VND 2,077 billion.
MSB reduced its credit risk provisioning costs by 12%, allocating just over VND 490 billion in Q3. Consequently, pre-tax profit climbed by 31% to VND 1,587 billion.
For the first nine months of the year, MSB’s after-tax profit dipped by 3% compared to the same period last year, totaling VND 4,760 billion. Against the annual pre-tax profit target of VND 8,000 billion, MSB has achieved 60% of this goal in the first three quarters.
The net interest margin (NIM) for the last 12 months stood at 3.45%.
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MSB’s Q3 and 9-month business results for 2025. Unit: Billion VND
Source: VietstockFinance
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As of the end of Q3, the bank’s total assets grew by 11% year-to-date to VND 355,678 billion. Customer loans increased by 16% to VND 204,953 billion, while customer deposits rose by 19% to VND 183,397 billion. Of this, non-term deposits (CASA) exceeded VND 51,000 billion, a 25% increase, accounting for 28% of total deposits. Term deposits grew by 16% to nearly VND 132,360 billion, and the issuance of securities reached nearly VND 26,100 billion, up by 23%.
Total non-performing loans as of September 30, 2025, were recorded at VND 5,722 billion, a 21% increase. Consequently, the NPL ratio rose slightly from 2.68% at the beginning of the year to 2.79%. The individual NPL ratio stood at 1.9%.
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MSB’s loan quality as of September 30, 2025. Unit: Billion VND
Source: VietstockFinance
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As of September 30, 2025, MSB’s consolidated capital adequacy ratio (CAR) was 12.18%. The loan-to-deposit ratio (LDR) stood at 71.31%, and the ratio of short-term funding for medium to long-term loans (MTLT) was maintained at 27.03%.
– 4:43 PM, October 30, 2025
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MSB Achieves ACCA Approved Employer Certification: Committed to Sustainable Talent Development
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