At a SeABank transaction office. (Photo: VNA) The banks are MB, Techcombank, Vietcombank, MSB, ACB, VietinBank,BIDV, TPBank, SeABank, and Sacombank.
MB continued to lead the banks by recording a CASA ratio of 36% atthe end of Q3 2023. Despite being at the top, MB's CASA ratio is showing signsof going down, with a decline of 1.1% compared to the end of Q2 2023 and 4.7%compared to the beginning of this year.
In fact, not only MB, but many other banks also witnessed adecrease in demand deposit rates this year. The CASA ratio at Techcombankdecreased by 3.3% in the first half of 2023 to 33.6% and remained flat in Q32023. Although there have been more positive changes since Q2 2023,Techcombank's CASA ratio is still very far from returning to the highest levelof 50% that Techcombank once achieved.
According to Techcombank, in the context that the interest rateenvironment has returned to normal and liquidity of the banking system is moreabundant, customers still tend to deposit term savings because investmentopportunities in asset types currently remain limited, largely due to concernsabout uncertainties in the domestic and global economic outlook in Q4 2023 andnext year.
Vietcombank ranked third in terms of CASA ratio, reaching 31.3% atthe end of September 2023. Vietcombank's indicator has improved compared to theend of the second quarter as it increased by 1.1%. Currently, Vietcombank isstill the bank with the largest demand deposit balance in the banking system,with more than 397 trillion VND.
MSB followed Vietcombank with a CASA ratio of 27.7% at the end ofQ3 2023. The ratio was flat compared to Q2 2023 and decreased by 3.4% comparedto the beginning of this year. Previously, in 2022, MSB once surpassedVietcombank to rank in the top 3 in terms of CASA in the banking system.
Ranked fifth in the list is ACB with a CASA ratio of 20.6%. Therate is flat compared to Q2 2023 and down 1.7% compared to the beginning ofthis year.
VietinBank closely followed ACB with a CASA ratio of 20% in Q32023. Notably, VietinBank is also a rare large bank whose CASA ratio has notdecreased this year. This bank recorded a fairly good growth in demand depositbalance of 4.8%, equivalent to the growth rate of term deposits. Accordingly,VietinBank's CASA ratio remained at 20% as of the end of 2022.
BIDV ranked seventh in the list, recording a CASA ratio of 18.3%,up 1.3% compared to Q2 2023 but down 0.5% compared to the end of 2022.
Notably, all the last three banks in the top 10 recorded a CASAratio of 17.3%, with SeABank impressing by increasing its CASA ratio from 10%to 17.3% in just three months.
Specifically, the demand deposit balance at SeABank doubled in thethird quarter of 2023 to more than 23.6 trillion VND, which helped the bankjump from 15th to 8th in terms of CASA in the banking industry.
Based on the financial statements of 27 listed banks, the currentCASA ratio has a huge difference between big and small-sized banks. While bigbanks had a high CASA, the rate for small banks was only around 5%./.
VNA
