The country’s two largest banks saw gross total loans increase by about 37% between 2016 and 2020.
Riding on wings of strong economic growth, 6750 financial services and fintech jobs were created in Vietnam in 2018. However, momentum slowed in the past two years and has not yet recovered.
The south-east Asian country was one of the fastest-growing economies in the world prior to Covid-19.
Banco de Crédito e Inversiones, the country’s largest lender, saw return on equity drop to 8.2% last year from 10.6% in 2019.
The territory’s largest lender, Butterfield Bank, posted a loan-to-deposit ratio of 39% last year.
The country’s largest bank by assets, Banco Mercantil Santa Cruz, saw pre-tax profits slump 60% year-on-year in 2020.
The country’s largest lender, Attijariwafa Bank, saw return on equity drop to 6.8% last year from 12.9% in 2019.
In 2011 Vietnam had just eight banks in The Banker’s Top 1000 World Banks ranking; this has doubled to 16 in 2021.
Standard Chartered Bank Bangladesh saw net interest income decline 12% year-on-year to $179m in 2020.
Bank Negara Indonesia saw its non-performing loan ratio increase from 2.3% in 2019 to 4.2% last year.
The recent rise in the oil price bodes well for the country’s financial sector.
Banque Misr saw an 84% increase in Tier 1 capital last year amid a limited economic impact of Covid-19 compared with other countries.
The National Bank of Oman saw return on equity fall to 3.4% last year from 9.3% in 2019.
The small Mediterranean country’s reliance on tourism-related activities led pre-tax profits to tumble last year at leading lenders.
Iceland’s largest banks were re-established in 2008 and rebuilt their holdings of Tier 1 capital ahead of the pandemic.
MMG Bank Panama saw its non-performing loan ratio rise to 12.8% in 2020.
French banks' in The Banker’s Top 1000 World Banks ranking outperform German rivals.
Bank Austria saw return on equity drop from 8.37% to 0.18% year-on-year in 2020.
Poland’s largest bank, PKO Bank Polski, saw pre-tax profits slump 109%.
Leading lenders saw net interest income increase despite tricky economic conditions.