Military Commercial Joint Stock Bank, VN000000MBB5

VPBankS keeps VND 25,400 target for Military Commercial Joint Stock Bank stock

Published on 10/15/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBankS kept a VND 25,400 target for Military Commercial Joint Stock Bank stock on October 2, 2026. MB's capital reached VND 100.7 trillion.

Capital and analyst context

VPBank Securities kept a VND 25,400 target for MB stock on October 2, 2026.
Military Commercial Joint Stock Bank raised charter capital to VND 100.7 trillion in 2026.
HOSE approved 1,208,249,986 additional shares for listing on September 28, 2026.

Military Commercial Joint Stock Bank, VN000000MBB5, Illustration mit AI erstellt.

VPBank Securities kept a VND 25,400 target for Military Commercial Joint Stock Bank stock on October 2, 2026, according to Nang Luong Sach Vietnam. The bank had also crossed VND 100 trillion in charter capital, giving the analyst view a broader capital-strength context.

Three capital milestones shape the story

On September 23, 2026, Military Commercial Joint Stock Bank completed the distribution of 805,499,990 new shares, according to Vietnam Bank Association. On September 28, 2026, HOSE approved the additional listing of 1,208,249,986 shares, lifting the listed total from 8,054,999,909 to 9,263,249,895 shares.

On October 6, 2026, Vietnam News reported that MB had raised charter capital to nearly VND 100.7 trillion. The milestone provides more room for credit expansion, technology investment and risk management, while the enlarged share count matters for per-share analysis.

What does the target imply?

VPBank Securities projected 2026 pretax-profit growth of 15.1 percent, down from 19.3 percent in its earlier forecast, while raising its 2026 credit-growth forecast to 29.9 percent. The same report put the bank's projected 2026 return on equity at 21 percent and its nonperforming-loan ratio at 1.45 percent.

The combination points to a growth case that depends on converting additional capital into loans without weakening asset quality. Management's 2026 credit plan was 30 to 35 percent, so the 29.9 percent analyst forecast sat just below that range on October 2, 2026.

Capital is the immediate investor lens

Military Commercial Joint Stock Bank's VND 100.7 trillion charter-capital milestone and the 1,208,249,986-share listing change define the current context. Investors will weigh the expanded balance-sheet capacity against dilution and the bank's ability to keep credit growth near 30 percent while holding nonperforming loans below 1.5 percent.