In 2022, customer deposit balances at TPBank increase by approximately 40%

The list of banks with customer deposits over 100 trillion has added 2 new names. Although BIDV, Vietcombank, and VietinBank are still at the top of the table in terms of deposits, the proportion of contributions has decreased.

According to financial statements just released by 28 banks, by the end of 2022, banks have mobilized more than 8.3 million billion from customer deposits, up 10.7% over the same period last year.

The top 10 banks that have mobilized the most customer deposits are contributing more than 6.5 million billion VND (equivalent to 78%), up 9.79% compared to the beginning of the year.

BIDV, VietinBank, and Vietcombank are still at the top of the rankings with customer deposits of more than VND 3.96 million billion, up 7.85% compared to the beginning of the year.

In which, BIDV topped the table with deposits mobilized from customers amounting to more than 1.47 million billion VND, up 6.75% compared to the beginning of the year.

VietinBank ranked second when recording this target of nearly 1.25 million billion, up 7.25% compared to the beginning of the year.

Vietcombank followed with customer deposits reaching more than 1.24 million billion, up 9.53% compared to the beginning of the year. This is also the bank with the largest increase in customer deposits among the above giants.

Leading the private sector is Sacombank, by the end of 2022, customer deposit balance at this bank is more than 455 trillion, up 6.4% compared to the beginning of the year.

MB followed with customer deposits reaching nearly 444 trillion, up 15.31% compared to the end of last year.

The remaining 5 banks in the ranking of banks with the most customer deposits include ACB (~414 trillion); SHB (~362 trillion); Techcombank (more than 358 trillion); finally, VPBank and LienVietPostBank recorded customer deposit balances of VND 303.15 and VND 215.89 trillion, respectively.

In terms of growth, there are 16/28 banks with customer deposit balance increasing by over 10%. In which, 4 banks recorded this target exceeding 20%.

In particular, TPBank's customer deposits last year were raised from 139.56 trillion dong to 194.96 trillion dong, an increase of more than 55.4 trillion dong (~40%).

VPBank followed with customer deposit balance from 241.8 trillion dong increased to 303.15 trillion dong, up 61.31 trillion dong (up 25.35%)

The remaining 2 names with customer deposit growth of over 20% are ABBank (24%); MSB (23.78%).

In addition, another bank that also had a deposit growth close to 20% is LienVietPostBank, up 19.75% compared to the beginning of the year. This is also the bank that ranks 5th in the ranking of banks with the highest customer deposit growth in 2022.

The remaining 5 banks in the top 10 with the highest deposit growth are HDBank (17.74%); MB (15.31%); VIB (15.3%); Techcombank (13.87%); VietBank (13.83%).

There is a remarkable point in the past year that although it still grew and topped the rankings, the proportion of contributions in total deposits of the three big banks BIDV and Vietcombank decreased compared to the beginning of the year.

Specifically, by the end of 2022, these giants accounted for 47.61% of the total customer deposit balance of the 28 surveyed banks. While at the beginning of the year, this figure was 48.86%.

According to experts, despite the decrease in proportion, the above reduction figure is not significant. The big players still account for the majority of the total customer deposit structure of 28 banks and continue to record growth.

The fact that small banks increase their contribution in customer deposits is partly because these banks have mobilized at much higher interest rates last year than the three giants mentioned above. In the long term, the big 3 group has the advantage of cheaper capital costs than small banks.