Deposits at three major state-run banks stood at VND2,550 trillion (US$110.04 billion), accounting for 46% of total deposits at 28 banks, CafeF reported.
Deposits at 28 banks operating in Vietnam as of September 2018 reached VND5,495 trillion (US$236.88 billion), up VND488 trillion (US$21.04 billion) or 9.76% compared to the beginning of the year.
Among those banks, only a handful witnessed a decline in deposits, including Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank), Tien Phong Bank (TPBank), An Binh Commercial Bank (ABBank), Petrolimex Group Bank (PGBank) and Saigon Commercial Bank (SaigonBank).
However, the decline is insignificant with less than VND1 trillion (US$43.14 million) each.
Notably, deposits at the three major state-run banks, namely Bank for Investment and Development of Vietnam (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietcombank) and Joint Stock Commercial Bank for Foreign Trade of Vietnam (VietinBank), amounted to VND2,550 trillion (US$110.04 billion), accounting for 46% of total deposits at 28 banks.
Of the total, BIDV holds the largest deposit with over VND953 trillion (US$41.12 billion), followed by VietinBank and Vietcombank, reaching VND825 trillion (US$35.60 billion) and VND773 trillion (US$33.35 billion), respectively.
SaigonBank, the largest privately-run bank in terms of deposits, is reported to hold VND372 trillion (US$16.05 billion), equivalent to 39% of BIDV's.
All three leading banks also witnessed a high growth rate of deposits in the first nine months of 2018, with BIDV seeing an increase of 10.9%, VietinBank 9.7%, and Vietcombank 9.2%, translating in an interest payment of VND83.5 trillion (US$3.6 billion) in total.
Upon breaking down, BIDV paid over VND34.6 trillion (US$1.49 billion) in interest, Vietinbank VND30.3 trillion (US$1.3 billion) and Vietcombank VND18.5 trillion (US$798.13 million).
In the third quarter of 2018, the State Treasury had deposits of nearly VND48.7 trillion (US$2.1 billion) in these three state-owned banks, accumulating a total of VND218.56 trillion (US$9.43 billion) .
Illustrative photo.
|
However, the decline is insignificant with less than VND1 trillion (US$43.14 million) each.
Notably, deposits at the three major state-run banks, namely Bank for Investment and Development of Vietnam (BIDV), Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietcombank) and Joint Stock Commercial Bank for Foreign Trade of Vietnam (VietinBank), amounted to VND2,550 trillion (US$110.04 billion), accounting for 46% of total deposits at 28 banks.
Of the total, BIDV holds the largest deposit with over VND953 trillion (US$41.12 billion), followed by VietinBank and Vietcombank, reaching VND825 trillion (US$35.60 billion) and VND773 trillion (US$33.35 billion), respectively.
SaigonBank, the largest privately-run bank in terms of deposits, is reported to hold VND372 trillion (US$16.05 billion), equivalent to 39% of BIDV's.
All three leading banks also witnessed a high growth rate of deposits in the first nine months of 2018, with BIDV seeing an increase of 10.9%, VietinBank 9.7%, and Vietcombank 9.2%, translating in an interest payment of VND83.5 trillion (US$3.6 billion) in total.
Upon breaking down, BIDV paid over VND34.6 trillion (US$1.49 billion) in interest, Vietinbank VND30.3 trillion (US$1.3 billion) and Vietcombank VND18.5 trillion (US$798.13 million).
In the third quarter of 2018, the State Treasury had deposits of nearly VND48.7 trillion (US$2.1 billion) in these three state-owned banks, accumulating a total of VND218.56 trillion (US$9.43 billion) .
Other News
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
- Vietnam’s capital market shows positive signs: Finance Ministry
- Prime Minister urges banks to cut lending rates further
- Potential upgrade to emerging status may pull US$25 billion into Vietnam’s stock market
- Vietnam to finalize legal framework for digital assets in May
- VCCI hosts 14 international investors to study Vietnam's potential
- Enhanced local trade finance in Vietnam: A potential US$55 billion annual trade boost
Trending
-
Hanoi, a city of music in the making
-
Vietnam news in brief - March 28
-
Hanoi kicks off communication contest on Dien Bien Phu victory
-
French education group Odyssey keen on strengthening cooperation with Hanoi
-
Hanoi, Shanghai strengthen investment cooperation
-
UOB Painting of the Year Award opens doors to the world for Vietnamese artists
-
Grapefruit blossom perfume Hanoi's air
-
MICE tourism: Vietnam's lucrative “golden market” unveiled
-
Vietnam: Sleep Tourism on the rise