Beyond internal factors, FiinRatings attributes Mcredit's robust credit capability to the significant support it receives from its two major shareholders, MBBank and SBI Shinsei Bank.

Mcredit's business position, rated as ‘good’, underscores its solid standing among Vietnam's top consumer finance companies.

This strength is bolstered by its integration within the MBBank ecosystem and its diverse and stable business model, which benefits from prudent management and stringent governance from the parent group.

Mcredit has also demonstrated substantial growth in the consumer finance market, with a compound annual growth rate of 33.2 per cent in loan balance over the five years between 2019-2023, higher than the industry's average of 19.7 per cent.

Additionally, Mcredit's capital structure is stable, facilitating credit growth and liquidity stability.

The company's funding and liquidity profile is also rated as ‘good’, attributed to its exceptional fundraising capabilities and diverse funding structure.

FiinRatings expects Mcredit's fundraising ability to continue improving in the upcoming period, contributing to and maintaining liquidity stability.

FiinRatings notes that bad debt risks are partially controlled thanks to Mcredit's comprehensive risk management processes and clear governance structure.

Mcredit is among the six pioneering credit institutions implementing solutions that utilise citizen data to assess borrowers' creditworthiness, thereby improving the evaluation process and ensuring better loan portfolio quality.

Additionally, the debt recovery process is being enhanced to increase efficiency and quality.