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Top 10 banks with the highest CASA ratio in 9M2023

Top 10 banks with the highest CASA ratio in 9M2023

Sunday 03, 12 2023
The CASA ratio of the banking sector continues to recover in the third quarter of 2023. Particularly, the top three positions still belong to MB, Techcombank and Vietcombank. SeABank caused a big surprise when its CASA ratio nearly doubled.

Top 10 Bank

A recovery in banking CASA ratio

According to statistics from 27 listed commercial banks that have published financial statements for the third quarter of 2023, the demand deposits or current account savings account (CASA) has tended to recover for two consecutive quarters. However, compared to the end of 2022, banks' CASA is still decreasing by about 1.4 percentage points.

After falling to 16.27% in the first quarter of 2023, CASA of the banking sector has recovered for two consecutive quarters. As of the end of the third quarter, CASA of 27 listed banks increased to 17.61%. Since the first quarter of 2022, the entire industry's CASA has fallen into a downward cycle and it was not until the second quarter of 2023 that it began to show signs of recovery.

CASA ratio

The private banking group continues to lead the CASA ratio rankings, with two representatives MB and Techcombank holding the top positions, while Vietcombank ranked third. Contrary to the general trend, MB's CASA ratio decreased compared to the second quarter, down to 35.4%.

Similarly, Techcombank's CASA ratio also decreased slightly but the bank's demand deposit balance increased compared to the second quarter. Vietcombank saw the CASA ratio hit the bottom in the second quarter of 2023 and recover to 30.3% in the last quarter.

The next positions on the list belong to MSB, ACB, VietinBank, BIDV, TPBank, Sacombank and SeABank. In particular, SeABank recorded outstanding results in CASA ratio in the third quarter of 2023, an increase of 7.4 percentage points compared to the end of last year and 8.5 percentage points compared to the previous quarter, rising to the 10th position in the rankings, replacing PGBank.

BIDV and TPBank also improved their places in the rankings, with CASA ratios reaching 18% and 17.3%, respectively, recovering 2.1 percentage points and 3.2 percentage points compared to the bottom from the first quarter of 2023. Meanwhile, Sacombank dropped to the 9th place with a CASA ratio of 17.1%.

Besides SeABank, only OCB recorded an improvement in the CASA ratio in the third quarter of 2023 compared to the end of 2022. However, if the comparison point were the first quarter of 2023, up to 21/27 banks would record positive CASA ratio results. Compared to the second quarter of 2023, 16/27 banks witnessed an increase in the CASA ratio.

In general, the CASA ratio has recovered when the State Bank continuously lowers operating interest rates and banks fall into a situation of "excess money", forced to reduce savings interest rates to optimize capital costs and maintain profits. When deposit interest rates are low, people tend to keep their money idle to look for better investment opportunities.

However, the CASA recovery remains modest due to the slow economic recovery and demand for investment in real estate and the corporate bond market continues to be weak.

CASA ratio ranking of banks

CASA ratio ranking of banks

 

Source: Wichart, vietnambiz

Compiled by VietnamCredit

 

Categories
Banking & Finance

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