The Military Bank (MB) recently released its second-quarter financial report, showing a net interest income of 12,372 billion VND, a 17.5% year-on-year increase. However, after deducting expenses, the bank's pre-tax profit decreased by 1.3% compared to the same quarter last year, reaching 7,502 billion VND. MB's operating expenses and risk provisions increased by 38% and 10.3%, respectively.

For the first 6 months of the year, the bank earned 15,889 billion VND in pre-tax profit, an 18% increase compared to the same period last year. With this profit, MB has already achieved half of its annual target. The bank is currently leading in terms of first-half profit in the industry, surpassing BIDV, Techcombank, and VPBank.

MB's profit growth stems from various business segments. Specifically, the bank's net interest income increased by 22.8% to over 24,000 billion VND. Profits from services, foreign exchange trading, and other operations all rose. The investment securities trading segment saw the most significant increase, 2.3 times higher than last year, bringing in nearly 1,300 billion VND.

As of 30/6, MB's total assets reached 1.29 quadrillion VND, an increase of 161 trillion VND since the beginning of the year. The bank maintains its 5th position in terms of total assets compared to other units in the industry, following BIDV, Vietcombank, Agribank, and Vietinbank.

Customer deposits amounted to 783,291 billion VND, a 9.6% increase. Of this, non-term deposits (CASA) accounted for 37.8%.

MB's customer loans increased by 13% after 6 months, reaching 880 trillion VND. Loans to wholesale, retail, and auto and motorcycle repair businesses accounted for the largest proportion, at 29.1%. Loans to real estate customers totaled 85,534 billion VND, an increase of nearly 20 trillion VND over the past 6 months.

MB's total bad debt was 14,117 billion VND, a 12% increase from the beginning of the year. The non-performing loan ratio stood at 1.6%, with a provision coverage ratio of 88.9%. At the end of the second quarter, the bank had 18,808 employees, an increase of 150 people over the previous quarter.

Trong Hieu