Vietnamese bank profits grow despite the epidemic

According to Moody’s, the financial results of the bank Vietnam has performed positively in 2021 despite the impact of the disease outbreak.

Revenue increased significantly as interest margin continued to expand, which led to an increase in return on assets despite the need to strengthen loan provisions. In addition, problem debt ratio decreased thanks to supportive measures of regulatory agencies, while capital health improved.

The financial results of Vietnamese banks have been positive in 2021. Illustration.

Ratings agency Moody’s said that the average return on assets of rated banks has increased to 1.4% in 2021 from 1.2% in 2020.

In which, interest margin expanded thanks to lower deposit costs in the context of abundant system liquidity and increased attraction of demand deposits, savings deposits. interest rate short.

Moody’s forecasts that the rate of return on assets of rated banks will continue to increase in 2022 when the pressure of risk provisions gradually eases.

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