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TOP 10 banks with most customer deposits in Vietnam (1Q2022)

TOP 10 banks with most customer deposits in Vietnam (1Q2022)

Monday 23, 05 2022
The list of 10 banks with the largest deposits by the end of March 31, 2022 includes BIDV, Vietcombank, VietinBank, Sacombank, ACB, MB, SHB, Techcombank, VPBank and HDBank.

Sharp increase in deposits

The list of 10 banks

According to statistics from the financial statements for the first quarter of 2022, as of March 31, the total customer deposit balance of 27 listed banks reached more than VND 7.7 million billion, up 2% compared to the end of 2021.

Topping the list are 3 state-owned giants. Specifically, BIDV is the bank that has mobilized the most deposits with nearly VND 1.4 million billion, up 1.2% compared to the end of 2021. Following are Vietcombank and VietinBank with customer deposit balances both reaching over VND 1 million billion, equivalent to an increase of 4.4% and 3.9% respectively compared to the end of last year.

The total amount of deposits of the 3 above mentioned banks has reached nearly VND 3.8 million billion, accounting for 48% of the total customer deposits of the whole banking system.

In the group of private banks, Sacombank is the bank with the largest customer deposits with VND 457,792 billion, up 7.1% compared to the end of 2021. Following are MB and ACB with customer deposits reaching over VND 380,000 billion, up 1.4% and 1.6% respectively.

Sacombank

In addition, a number of other private banks also appear in the top 10 including SHB (VND 333,639 billion), Techcombank (VND 328,914 billion), VPBank (VND 274,149 billion) and HDBank (VND 201,490 billion).

In terms of customer deposit growth in the first three months of the year, VPBank was the fastest growing bank in the system with a growth rate of 13.4%, which was followed by HDBank (9.9%), TPBank (9.3%), Sacombank (7.1%),...

On the other hand, there were 7 banks with a decrease in deposits. In particular, LienVietPostBank is the bank with the largest decrease in customer deposits. Its customer deposit balance as of March 31, 2022 was VND 177,460 billion, a sharp decrease of 35% compared to the end of 2021.

NCB, SeABank, OCB, VietABank, PG Bank and Saigonbank also saw a decrease in the customer deposit balance.

The list of 27 banks

 

Source: vietnambiz

Compiled by VietnamCredit

Categories
Banking & Finance

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