In the first 9 months of 2023, the total operating income (TOI) of the entire banking industry continues to maintain its upward momentum, but at a slower pace than the previous two quarters in the context of difficult lending activities. Many banks have fallen into a situation of "excess money". Nearly half of the banks surveyed recorded a decrease in TOI over the same period.
Statistics from 28 banks that have published their third quarter financial statements show that the total operating income of these banks increased by 2.3% over the same period last year.
The three banks in the Big4 group, BIDV, VietinBank and Vietcombank, respectively hold the first three positions in the rankings, with TOI reaching 52,422 billion VND, 52,183 billion VND and 51,765 billion VND, respectively. The remaining member in the group of 4 state-owned banks, Agribank, has not yet published its third quarter financial statements. In the first half of 2023, Agribank recorded a higher TOI than BIDV.
VPBank continues to lead the shareholding group even though its TOI has dropped by 19.2% over the same period - the highest decline among the 28 banks surveyed. VPBank's TOI reached 36,402 billion VND in the first three quarters of this year. MB followed closely with VPBank, recording total operating income of 35,556 billion VND, an increase of 5.1%.
The remaining positions in the top 10 belong to Techcombank, ACB, Sacombank, HDBank and VIB.
Among the 28 banks surveyed, BaoViet Bank recorded an increase in TOI of up to 120.9%, mainly thanks to growth in service activities and net interest income. Some other banks with high TOI growth are Nam A Bank (20%), VIB (22%) or MSB (19.2%).
On the contrary, there were 12 banks that recorded a decrease in TOI over the same period, the highest being VPBank (19.2%), then Eximbank (18.4%) and Ban Viet (17%).
Compiled by VietnamCredit