According to data from WiChart, the ROE of the entire banking industry reached 17.02% at the end of the third quarter, down 2.9 percentage points compared to the end of last year and 0.85 percentage points compared to the end of the second quarter.
However, banking is still among the industries with the highest ROE in the market, nearly twice as high as that of real estate (8.96%), and one and a half times higher than that of food production (12.11%).
According to statistics from 27 listed commercial banks that have announced their third quarter financial statements, the return on equity (ROE) in the last 4 quarters (moving average) of banks continues the downward trend that was recorded in the previous two quarters.
In particular, 23/27 banks recorded a decrease in ROE compared to the end of last year, one bank went sideways. In the previous quarter, the number of banks with a decrease in ROE was 22 out of 27 banks.
Sacombank recorded the highest increase in ROE, up 4 percentage points compared to the end of last year. Meanwhile, VPBank recorded the deepest decline in ROE, losing 10.6 percentage points.
Joint stock banks are still in the leading group in terms of ROE index. VIB ranked first with ROE reaching 26.7%, down 3.1 percentage points compared to the end of last year. ACB continued to rank second with ROE reaching 2.43%, down 2.2 percentage points. MB recorded an ROE ratio of 23.4%, ranking third on the list.
Big4 representative Vietcombank closely followed MB with ROE also at 23.4% (0.01 percentage point lower than MB). BIDV ranked 6th, recording ROE at 18.3% while VietinBank was not in the top 10. The remaining positions belonged to HDBank (21.7%), Sacombank (17.9%), MSB (17.5%), TPBank (17.4%) and OCB (17.3%).
Thanks to positive business results, Sacombank and OCB have improved their positions in the ROE rankings compared to the second quarter. MSB maintained stable profits and climbed up the rankings when TPBank dropped to the 9th place.
In recent quarters, the gap in ROE between the Big 4 giants and the leading joint stock banks has narrowed. State-owned banks can still maintain stable profits in a difficult economic context, while joint stock group declines faster.
Source: Wichart, vietnambiz
Compiled by VietnamCredit
