MBB’s pretax profit was down 1.5% YoY to VND 797bn in 1Q15 on the back of sharp increase in provision charge (+49% YoY in 1Q15 vs. 31% YoY in 1Q14) despite robust growth in net interest income (+29% YoY in 1Q15 vs. -1% YoY in 1Q14). Yet, the bank still accomplished 25% of its 2015 target pretax profit of VND 3,250bn (+2.4% YoY).