MB Bank Just Sold Nearly 10% of Its Stake in a Securities Company

Military Commercial Joint Stock Bank (MB) successfully sold over 55.98 million shares of MB Securities (MBS), reducing its ownership to about 66.58%. MBS had closed its list of shareholders for a 12% cash dividend for 2024. The closing price of MBS shares enabled MB to gain over 1.8 trillion VND. In 2025, MBS plans to issue 68.7 million new shares and distribute bonus shares, increasing total shares to 667.3 million, equivalent to a charter capital of 6.673 trillion VND. In the first half of 2025, MBS recorded an operating revenue of 1.461 trillion VND, with a 22% increase in pre-tax profit to 611 billion, achieving 47% of its annual profit target.