BIDV among top 150 largest banks in Asia Pacific

DINH DUNG

The Asian Banker has recently released the list of 500 largest banks in Asia Pacific region for 2020 (Asian Banker 500). According to the list, BIDV ranks 139th with total assets reaching more than USD62 billion.

The Asian Banker 500 (AB500) is an evaluation of the 500 largest commercial banks and financial holding companies (banks) in the Asia Pacific region. This year, the financial information in the first half of financial year 2020 was collated and incorporated into the assessment of how banks performed during the Covid-19 pandemic. The evaluation covers 23 countries and territories, and the 500 largest banks had USD66.5 trillion in total assets, USD34.2 trillion in net loans and USD46.5 trillion in customer deposits. 22 Vietnamese banks are on this year list.

China and Japan continue to lead the region in terms of number of banks on the list. Chinese banks and Japanese banks account for 49.5 percent and 24.7 percent of the aggregate total assets of the 500 largest banks in Asia Pacific, respectively. Top 10 largest banks in the region comprise six Chinese banks and four Japanese banks.

Average asset growth rate of Asia Pacific banks on the list accelerated to 10.3 percent year-on-year (yoy) at the end of the first half of 2020 from 6.6 percent yoy at the end of the first half of 2019. These banks also registered a faster loan growth, at 11.3 percent yoy at the end of the first half of 2020, compared to 8.3 percent yoy in the prior year. Meanwhile, banks in the region saw their average deposit growth increase from 7.6 percent yoy at the end of the first half of 2019 to 10.5 percent yoy.

Most banking sectors in Asia Pacific maintained adequate capital to withstand adverse shocks. On an asset-weighted basis, the average capital adequacy ratio (CAR) of Asia Pacific banks that have announced full year results in 2020 increased from 15.73 percent in 2019 to 15.91 percent in 2020.

By the end of the first quarter of 2021, BIDV's total assets reached over VND1.56 quadrillion (USD67.8 billion), up 2.9 percent year to date. Last month, BIDV was included in Forbes’s list of world’s 2000 largest public companies, marking the bank’s seventh consecutive year presence in the list.