Preparing to be listed on HOSE

By the end of the third quarter of 2020, the Bank's total assets reached nearly 166,500 billion, up 12.2% over the same period last year. Profit before tax increased sharply, reaching over 1,666 billion, equal to 156.6% of the same period in 2019. Profit after tax reached more than 1,327 billion, an increase of approximately 53%. Total customer loans reached nearly 73,500 billion, up nearly 27% over the same period and nearly 15.5% compared to the end of 2019.

The bank's capital structure continued to record growth in demand deposits (CASA), a good source of capital that boosted bank profits - up 29% y / y and 15% y / y. in 2019. The ratio of CASA to total customer deposits is nearly 23%.

This is a positive result when MSB launches personalized product packages, investing in enhancing customer experience through digital transformation, and implementing many special offers for customers using the package. account. The change in capital structure towards efficiency is an important factor to help MSB reduce capital costs and bring growth in the total net interest and fee income of the Bank.

See more about Bitcoin transactions: биткоин на приват

In the first 9 months, the total net income was recorded at over 4,805 billion dong, of which net interest income was over 3,287 billion dong, fee income reached more than 497 billion dong, up 61 percent and nearly 42 percent respectively over the same period in 2019. With the good growth rate of total net income, along with the reduction in cost and effectiveness of MSB in the recent period, the cost to revenue ratio (CIR) has decreased significantly, to 47% compared to the level of 53% in 2019.

With the unpredictable developments of the Covid-19 epidemic and the volatility of the economy, MSB's financial activities still ensure safety, health and sustainable growth. Accordingly, only for the banking segment, the CAR as of Circular 41 is 10.61%, the NPL ratio is 2.34% (calculated according to Circular 02/2013 / TT-NHNN. ), the balance of VAMC special bonds at the bank was zero as of September 30, 2020.

MSB is currently conducting the procedures to list shares on the HOSE. In early October 2020, the Ho Chi Minh Stock Exchange officially announced the receipt of the bank's listing documents, MSB registered to list 1,175 million shares, equivalent to a charter capital of 11,750 billion VND.