Detailed information about Military Commercial Joint Stock Bank (MBBank)

1. Introduction to Military Commercial Joint Stock Bank (MB Bank)

Military Commercial Joint Stock Bank (MB Bank) is one of the largest, most prestigious and versatile commercial banks in Vietnam. Established in 1994, MB Bank has spent more than 25 years of establishment and strong development, affirming its position as one of the leading financial institutions in Vietnam.

MB Bank is proud to be the first Vietnamese bank to meet modern management standards according to international practices. With the business philosophy "Full faith - Whole soul", MB Bank puts customer benefits as the top goal, constantly improving and enhancing service quality to bring optimal experiences to customers.

2. Core values
Professionalism: Always strive to provide high quality products and services that meet customer needs.
Prestige: Transparent, safe operations, compliance with legal regulations and commitment to the community.
Dedication: Listen, understand customer needs and always aim for the highest satisfaction.
Creativity: Innovation and creativity in products, services and advanced technology applications.
Efficiency: Optimize operations, bringing benefits to shareholders and the community.

3. Important historical milestones of MBBank

1994: Established with 25 employees and charter capital of 500 billion VND.

2003: Comprehensive system and human resource reform.

2004: Issued shares to the public, becoming the first bank to do so.

2007: Listed shares on HOSE with code MBB.

2008: Established MB Securities Joint Stock Company (MBS).

2011: Established MB Fund Management Company Limited (MBMF).

2012: Launch of electronic banking service MBBank Online.

2014: Established Military Insurance Joint Stock Company (MIC).

2015: Launch of MBBank App mobile application.

2016: Cooperated with VIB to establish Vietnam National Payment Joint Stock Company (NAPAS).

2017: Launch of QR Code payment service.

2018: Reached the Top 500 strongest banks in the world voted by The Banker.

2019: Launch of MB SmartBank digital banking service.

2020: Successfully deployed a comprehensive digital transformation program.

2021: Launching MB Infinity service - Bank without borders.

2022: Reached the Top 10 most prestigious commercial banks in Vietnam.

2023: Continue to affirm its position as a leading retail bank.

4. Member companies of MB Bank
MB Bank is a multi-functional financial group, including many member companies operating in different fields such as:

MB Debt Management and Asset Exploitation Company (MBAMCO)

MB Fund Management Company (MBAMC)

MB Bond and Investment Company (MBIB)

MB Securities Company (MBS)

MB Ageas Life Insurance Company

With a diverse network of member companies, MB Bank is capable of providing comprehensive financial services, meeting all customer needs.

5. MB Bank's branch, transaction office and ATM system
MB Bank owns an extensive distribution network with more than 329 transaction points including 1 Head Office, 1 Transaction Office, 94 Branches and 233 Transaction Offices in 36 provinces and cities nationwide. In addition, MB Bank also deployed an ATM system with more than 1,400 machines in provinces and cities to serve the transaction needs of customers.

6. MB Bank's achievements
During its operation, MB Bank has achieved many prestigious achievements and titles at home and abroad:

- Top 10 Commercial Banks with the highest profits in Vietnam in 2022
- The bank providing the best Electronic Banking Services in Vietnam 2022
- The bank has the best Retail Banking Service in Vietnam 2022
- Top 100 best sustainable development enterprises in Vietnam 2022
- Second Class Labor Medal and many other awards

7. Product and service packages that MB Bank is providing

MB Bank provides a variety of financial product and service packages for both individual and business customers:

7.1. Savings deposit service
Traditional savings: Competitive interest rates, many flexible terms.
Online savings: Higher interest rates, convenience, easy management.
Saving for children: Practical benefits, helping children develop their future.

7.2. Loan service
Consumer loans: Preferential interest rates, simple procedures, quick disbursement.
Installment loan: Easy shopping, flexible payment.
Business loans: Abundant loan capital, supporting business development.

7.3. Bank card
Debit card: Convenient, safe payment, easy spending management.
Credit card: Attractive incentives, accumulate points to redeem gifts, international payments.

7.4. Payment service
Pay bills: Electricity, water, internet, telecommunications,... quickly and accurately.
Money transfer: Domestic and international, safe, cost-effective.
Online payment: Online shopping is convenient and secure.

7.5. Electronic banking service
MBBank App: Versatile and convenient mobile banking.
Internet Banking: Safe online transactions, anytime, anywhere.
SMS Banking: Simple, fast transactions via text message.

7.6. Insurance
Life insurance: Comprehensive protection for yourself and your family.
Non-life insurance: Protect assets, minimize risks.

7.7. Investment services
Securities: Open a securities account, trade online.
Investment fund: Smart investment, increased profits.

8. MB Bank's loan interest rate

MB Bank's personal loan interest rates are quite competitive and attractive compared to the general level, ranging from 6.5 - 10%/year depending on the term and loan type. As follows:

- Loans to buy a house/build a house: 6.5 - 7.5%/year
- Car loan: 7 - 8%/year
- Consumer loans: 8 - 10%/year
- Overdraft loan: 10 - 15%/year

Business loan interest rates range from 6 - 10%/year depending on industry, size and loan purpose.

9. Working hours of MB Bank

Working hours of MB Bank branches and transaction offices nationwide are:

- Morning: 8:00 a.m. - 11:30 a.m
- Afternoon: 13:00 - 17:00 (Saturday to 16:00)

Particularly, transaction offices at Trade Centers can operate until 6:00 p.m. or 7:00 p.m. depending on the location.

10. MB Bank contact information
- Head office address: No. 21 Cat Linh, Dong Da District, Hanoi
- 24/7 toll-free hotline: 1800 558 688
- Email: [email protected]
- Website: https://www.mbbank.com.vn

11. Frequently asked questions

11.1. Is MB a State or private bank?

MB Bank is a private joint stock commercial bank, not owned by the State. However, MB Bank was established and developed based on the financial foundation of the old Military Bank.

11.2. Is MB Bank a scam?

MB Bank is one of the largest and most prestigious banks in Vietnam, operating in accordance with laws and standards. Customers can completely trust and use MB Bank's services.

11.3. Should I use MB Bank's services?

MB Bank is a reliable address to use financial services thanks to its reputation and good service quality. However, customers should carefully review and choose the product package that best suits their needs.

11.4. At which bank ATMs can MB Bank ATM cards withdraw money?

MB Bank's ATM card can withdraw money at all ATMs under MB Bank's system and the Smartlink alliance in Vietnam including banks such as Vietcombank, VietinBank, Agribank, BIDV, SHB, Navibank, VPBank...

11.5. Is MB Bank reputable?

MB Bank is one of the banks with strong financial potential, highly appreciated for its management capacity, business efficiency and service quality. MB Bank is continuously present in the top prestigious rankings in Vietnam, affirming its position as a reliable financial institution.

Above is detailed information about Military Commercial Joint Stock Bank (MB Bank) as well as related frequently asked questions. Hopefully this article will provide readers with useful knowledge about one of the largest banks in Vietnam.