Analyst Pin-board: Review on 3Q 2018 Business Results of Listed Banks
By the end of September, credit growth of the 14 listed banks was 11% YTD, implying that total credit growth of those banks in the third quarter was approximately two percentage points. The growth, however, varied quite a bit between banks. Particularly, the credit growth of small banks like EIB, KLB or SHB was almost unchanged compared to the end of June. Meanwhile, state-owned commercial banks (SOCBs) still had positive credit growth compared to the average of listed banks, with BID, CTG and VCB gaining 4.9, 2.6, and 3.5 pts. Besides their role as commercial banks, state-owned banks also have duties supporting the SBV in stabilizing the monetary market. Therefore, it is possible that a large amount from these banks was lend to important sectors at low interest rates. To compensate, somehow, the amount of deposits from the State Treasury in these three banks also increased sharply, more than 16% compared to the end of June 2018.
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