Fierce race for total assets of banks in the first half of 2023

Synthesized from the financial reports of the second quarter of 2023 of 24 banks, the total assets of the banks are about 12.47 million billion VND, a slight increase of 1.2% compared to the beginning of the year.

In the past 6 months, a total of 24 banks recorded growth in total assets, such as MB, VPBank, HDBank, VIB, MSB, Nam A Bank and ABBank, all achieving double-digit asset growth.

State-owned banks continue to dominate the asset rankings with BIDV leading the entire system, with total assets reaching VND2.1 million billion. With an insignificant increase in asset size compared to the end of 2022, this is the only bank currently with total assets exceeding VND2 million billion.

VietinBank has risen and replaced Vietcombank in the Top 3. Accordingly, Vietinbank's total assets are 1.86 million billion VND, up 2.9% compared to the beginning of the year. Meanwhile, Vietcombank recorded more than 1.7 million billion VND, down 6% compared to the beginning of the year.

In the private banking group, MB continues to lead in total assets with VND806,238 billion, up 10.7% compared to the end of last year. On the other side, Techcombank continues to maintain the sixth position with total assets of more than VND732,400 billion, up more than VND33,430 billion compared to the beginning of the year. In particular, the main growth driver comes from expanding customer loans, up more than VND46,000 billion.

Two other banks have total assets of over VND600,000 billion: ACB with VND630,000 billion and Sacombank with over VND622,000 billion, both up nearly 5% compared to the end of last year.

In addition to the above banks, the remaining positions in the Top 10 belong to SHB, HDBank and VIB with total assets reaching over VND 585,000 billion, VND 483,000 billion, VND 378,000 billion, respectively.

These are also the last 3 banks with asset value reaching around 400,000 billion VND or more by the end of the second quarter of 2023. The driving force for total asset growth of these banks generally comes from expanding customer loans .

Source: https://www.nguoiduatin.vn/khoc-liet-cuoc-dua-tong-tai-san-cac-ngan-hang-trong-nua-dau-2023-a620952.html