According to statistics from the third quarter financial statements of 27 banks, by September 30, the total deposits of customers at these banks reached more than VND 5.7 million billion, up 10% compared to early 2019. However, the division of deposit growth in banks is very clear, as there are banks’ deposits that have increased very high but also there are those that have declined.
In terms of absolute increase, Vietcombank
was the bank that mobilized the most deposits from customers in the first 9 months. By the end of September, customers' deposits at this bank exceeded VND 900,000 billion, an increase of VND 100,200 billion compared to the beginning of the year. Following Vietcombank is BIDV
with an increase of 95,127 billion dong, Sacombank
nearly 50,000 billion dong, VietinBank
nearly 40,000 billion dong, etc.
Meanwhile, in terms of growth rate (%), VIB
is the most notable name. On September 30, customer deposits reached VND 113,717 billion, up 34% compared to the beginning of the year and especially in the third quarter increased by 15%. Moreover, valuable papers issued by banks including certificates of deposits increased by 50% to over VND 15,200 billion.
Other banks with very high deposit growth rate (over 20%) include VPBank
(up 20.3%), MSB
(up 21.7%), NamABank
(up 20.6%), NCB
(up by 23.7%), ... Observations show that these are all banks with high mobilizing interest rates in the market.
However, not every listing high interest rates will easily attract people to deposit. There are many other banks have the highest interest rates but the deposit growth is quite low, for example, VietCapitalBank
only increased by 2.2%, ABBank
only increased by 1.3%, etc.