Statistics from 27 banks that have published their financial statements for the first quarter of 2022 show that the total assets of banks as of March 31, 2022 reached nearly VND 11.4 million billion, an increase of 4.3% compared to the end of the previous year.
In particular, BIDV has the largest asset scale in the whole banking system with value reaching more than VND 1.8 million billion, an increase of 4.9% compared to the end of 2021. Coming second and third are the two giants which are VietinBank and Vietcombank whose total assets are of more than VND 1.6 million billion (up 8.6%) and more than VND 1.4 million billion (up 3.4%), respectively.
In addition, the list of top 10 banks with the largest total assets by the end of March also include private joint stock banks, namely MB, Techcombank, VPBank, ACB, Sacombank, SHB and HDBank.
The assets of these 10 banks alone have reached nearly VND 8.8 million billion, accounting for more than 77% of the total assets of the 27 listed banks.
On the other hand, the 5 banks with the smallest assets in the system include Kienlongbank, Ban Viet Bank, NCB, PG Bank and Saigonbank. The total assets of each bank are less than VND 100,000 billion.
In terms of growth rate, there were 20 banks with an increase in total assets and 7 banks with a decrease. SeABank is the bank that recorded the largest increase in assets (up to 9.2%), which is mainly thanks to the 29% increase in deposits at other credit institutions to VND 45,515 billion and 14% increase in loans to customers to VND 145,836 billion.
Other prominent names in the race for total assets include VietinBank (8.6%), Techcombank (8.2%), and VIB (7.9%).
In contrast, 7 banks with reduced asset size include VietABank, PG Bank, Saigonbank, Kienlongbank, MSB, Bac A Bank and LienVietPostBank. Notably, VietABank's total assets decreased by 9.9% compared to the end of 2021 to VND 91,001 billion due to a sharp decrease of 46% in deposits at the State Bank, and its deposits at other credit institutions also decreased by 35%.
Compiled by VietnamCredit