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Top 10 banks with highest total assets in Vietnam (3Q2021)

Top 10 banks with highest total assets in Vietnam (3Q2021)

Monday 22, 11 2021
After the first 9 months of the year, the three giants including BIDV, VietinBank and Vietcombank continued to maintain their positions in terms of total assets. In addition, many private banks also recorded a double-digit increase in total assets.

total assets

According to data from 28 banks that have announced their financial statements for the third quarter, the total assets of banks reached more than 10.9 million billion VND, up 8.9% compared to the end of 2020. In particular, there were 23 banks with an increase in total assets and 5 banks with a decrease in assets.

BIDV continued to coming out top when it comes to total assets after the first 9 months of the year. This bank has total assets of more than 1.68 million billion VND, up to 11.2% compared to the end of 2020. VietinBank ranked second with total assets for the first 9 months of the year reaching more than 1.4 million billion VND, up 7.9% compared to the beginning of the year.

Meanwhile, Vietcombank’s total assets are still the lowest among the "big three" with more than 1.38 million billion VND, up 7.9% compared to the beginning of the year.

Vietcombank

In addition to BIDV, VietinBank, Vietcombank, the list of top 10 banks with the largest total assets at the end of the third quarter in Vietnam also welcomes some private joint stock banks including SCB, MB, Sacombank, Techcombank, VPBank, ACB and SHB .

Double-digit growth

In terms of growth, Kienlongbank recorded the sharpest increase in assets, at 32.2%, mainly thanks to the money, gold deposits and loans at other credit institutions which increased sharply by nearly 132%. Investment securities of this bank also doubled compared to the beginning of the year.

Raking second in terms of growth is TPBank whose growth rate in total assets grew by 26.2% compared to the beginning of the year thanks to the increase in customer loans (increasing by 10.8%), deposits at other credit institutions and at the State Bank.

Following are Techcombank and VPBank. In the first 9 months of the year, Techcombank's total assets increased by 23.2%, surpassing that of Sacombank. This is the results of the increase of 175% in deposits and credits for other financial and credit institutions. Loans to customers also increased by 15.7% compared to the beginning of the year.

VPBank

In the past, VPBank was ranked 9th or even 11th in terms of total assets. However, after the first 9 months of the year, VPBank surpassed ACB and SHB, taking the 8th position when its total assets increased by 14.4% to more than 479,400 billion VND.

Other banks with double-digit growth in total assets are SHB (12.6%), VIB (16.5%), MB (12.2%). In contrast, banking groups that recorded a decrease in assets included NCB (down 9.5%), Saigonbank (5.3%), Bac A Bank (down 5%), Viet A Bank (down 3.3%) and ABBank (down 2.1%).

Source: vietnambiz

Categories
Banking & Finance

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