Top banks send most savings
The first weeks of work after the Lunar New Year holiday, contrary to the psychology of "January is a play month", the banks' activities immediately re-entered and became active again. In the market, mobilizing deposits and competition among banks has become more and more fierce and fierce, many places have adjusted the mobilizing interest rates to take advantage of idle money in the population after Tet.
In capital mobilization structure, many banks in recent years have been actively searching for other mobilizing channels such as bond issuance, deposit certificates, inter-bank loans ... However, customer deposit channel The product is still the most mainstream and sustainable. read more
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Top best deposit smoking bank in 2018
According to our survey, 10 commercial banks with the largest customer deposits currently include Agribank, BIDV, VietinBank, Vietcombank, SCB, Sacombank, ACB, MBBank, SHB, Techcombank. The amount of customers' deposits at these 10 banks reached about VND 5.3 million billion, accounting for nearly 70% of the total deposits of the whole system (about VND 7.5 million billion).
The above 8/10 banks announced their financial statements, showing that customer deposit growth is quite high compared to the industry average.
Agribank and SCB have not yet announced the financial statements of the quarter 4/2018 but always have a firm position in the top banks that are most deposited by people thanks to the dense network of branches and transaction offices. Previously, at the end of June 2018, the amount of customer deposits in Agribank reached over 1 million billion, the highest in the system; In SCB, there are nearly 363 trillion VND, which is the largest private bank in terms of deposits. read more:
After Agribank, BIDV and VietinBank and Vietcombank are the banks that attract most deposits from residents and economic organizations. SCB ranked 4th, followed by Sacombank, ACB, MBBank, SHB and Techcombank respectively.
26 banks announced the 2018 financial statements with average customer deposit growth of 12.2%. In terms of absolute numbers or growth rates, most banks in the TOP 10 still achieve higher levels than the average. For example, BIDV grew by 15.1% last year; or Vietcombank grew by more than 13%, exceeding VND 800 trillion; Techcombank increased by nearly 18%, SHB increased by 15.6%, ...
The common characteristics of these 10 banks in the market is that they often list deposit rates lower than small banks, but they can still be chosen by the people who choose to deposit the most. The advantage of these banks lies in its wide network, prestige and quality of service are confirmed over the years.
Which bank has the greatest advantage in cheap deposit?
Mobilizing large amounts of money from residents with lower savings interest rates has helped these banks save input interest costs, reduce lending rates and create a competitive advantage in credit. . Not only that, some are getting big "cheap money" sources, helping banks to raise profit margins. This "cheap money" can be interpreted as extremely low interest deposits, or in particular, demand deposits, often used by customers. read more
MBBank is the bank with the highest rate of non-term deposit interest rate customers. This amount of money at the end of 2018 reached more than 80 thousand billion, accounting for one third of total customer deposits at banks.
After MBBank, Vietcombank has a non-term deposit rate of 28%. Behind MBBank in terms of ratio, Vietcombank is currently the bank with the highest KKH deposit currently, reaching nearly 227 trillion dong. Not only that, Vietcombank and BIDV and VietinBank are often the preferred deposit addresses of the State Treasury. By the end of 2018, the bank's deposit amount at this bank was over 87 trillion.
At Techcombank, this rate is also very high (27%), rising quite fast compared to 22% at the end of 2017 thanks to the investment in payment systems and strategies to exempt many types of transaction fees over the past time. The majority of the remaining large banks maintain the rate of demand deposits at 15-18%.
Demand deposits are not only cheap money, but also help banks raise profit margins but also reflect the reputation and strength of this bank. Because this is usually the amount of money customers use to pay, having a large amount of non-term deposits shows that these are high quality service banks, large payment systems. . Take Vietcombank, MBBank and Techcombank for example, these are also banks with high revenue from the system, especially in payment activities. read more
