According to aggregated data from 28 banks that have announced their financial statements for the first quarter of 2023, the bad debt ratio of most banks recorded an increase in the first quarter of the year compared to the end of the previous year. Only three banks had NPL ratio decreased, including: VietABank, Kienlongbank and PG Bank.
Bac A Bank is the bank with the lowest bad debt ratio at 0.57%, a slight increase compared to the end of last year. The other two banks with the lowest bad debt ratio are the giants Vietcombank and Techcombank whose bad debt ratio is all at 0.85%. All these three banks have dealt with their bad debts at VAMC.
The banks in the group of 10 banks with the lowest bad debt ratio at the end of the first quarter also include ACB, Sacombank, VietinBank, VietABank, TPBank, Lienvietpostbank (LPBank) and BIDV.
Many analysts believe that banks’ bad debts will continue to be under increasing pressure in 2023 in the context of a slow economic recovery, businesses facing many difficulties, and the real estate and corporate bond markets being almost frozen.
However, thanks to the increase in provisioning in recent years along with the accumulated experience over the past 15 years, experts believe that bad debts are still under control and pose no risks to the banking system.
Compiled by VietnamCredit