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Top 10 banks with the highest ROA in 2022

Top 10 banks with the highest ROA in 2022

Wednesday 08, 03 2023
The list of 10 banks with the highest ROA in 2022 includes Techcombank, VPBank, VIB, MB, ACB, MSB, HDBank, TPBank, OCB and SeABank. It is obviously seen that no state-owned banks made it into the top 10 of this ranking.

Techcombank is at the top

According to the 2022 consolidated financial statements of 28 domestic banks, the return on assets (ROA) ratios of most banks increased compared to the previous year. Only 4 banks recorded a decrease in ROA including Techcombank, OCB, LienVietPostBank and KienlongBank.

Vietnamcredit Techcombank

The average ROA of the whole system increased from 1.4% in 2021 to 1.6% in 2022.

Despite the decrease in ROA, Techcombank is still the leading bank in terms of efficiency with a consolidated ROA of 3.2%, down 0.4 percentage points from the previous year.

Following are VPBank and VIB with ROA of 2.9% and 2.6% respectively.

In addition to the above three banks, the top 10 banks with the highest ROA in 2022 also include many joint stock commercial banks such as MB, ACB, MSB, HDBank, TPBank, OCB and SeABank.

Vietnamcredit Top 10 banks

 

The “big 4” are more inferior

While joint stock commercial banks lead in terms of ROA, the state-owned giants lag behind. Profit champion Vietcombank is in 10th place with ROA of 1.9%, a slight increase of 0.2 percentage points compared to the previous year.

VietinBank and BIDV both have an ROA of 1%. However, while VietinBank's ROA was unchanged from the previous year, that of BIDV increased by 0.3 percentage points compared to 2021.

In addition, the group with the lowest ROA in the ranking includes Vietbank, Viet Capital Bank, BaoVietBank and NCB.

According to the State Bank of Vietnam, as of October 30, 2022, the total assets of the whole system reached VND 17.4 million billion, up 9.37% compared to the beginning of the year.

In particular, the State-owned commercial banks accounted for nearly 42.2% of the total assets of the whole system, reaching VND 7.36 million billion, up 14.2% compared to the beginning of the year. Total assets of joint stock commercial banks increased by 5% to more than VND 7.5 million billion, accounting for 43% of total assets of the whole system.

Regarding profitability, by the end of the second quarter of 2021, the ROA of State-owned commercial banks was at 0.55%. In the group of joint stock commercial banks, ROA was 0.87%.

ROA of State-owned commercial banks

Source: vietnambiz

Compiled by VietnamCredit

Tag: vietnam banking news; top banks in vietnam; top commercial banks; ROA

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Banking & Finance

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