Bad debts of nine listed banks revealed
Bad debts of nine listed banks revealed
The non-performing loans (NPL) of all nine listed banks are less than 3%, according to the latest consolidated financial statement of these banks.
In particular, six of the nine banks have an NPL ratio at a lower level than those in the beginning of 2014. For the remaining three banks - Vietinbank, Military Bank and Eximbank - the debt ratio has begun to increase.
In 2014, the total bad debt increased by 4.2%, from VND32,503 billion to VND33,871 billion.
As for debt structure, the irrecoverable debts increased at the strongest rate, up by VND2,284 billion, accounting for 54.5% of the total bad debt.
In 2014, MBBank surpassed NCB to top the list with an NPL ratio of 2.87%, followed by NCB with 2.51%, Eximbank 2.46%, and Vietcombank 2.3%.
Vietinbank has the lowest NPL ratio, with 1.11%.
In terms of reducing the ratio of bad loans, NCB climbed to the top position after reducing the bad debt ratio from 6.06% to 2.51%.
SHB ranked second, with a bad debt ratio falling from 4.06% in late 2013 to 2.02% last December, as Vinashin’s debt of VND1,228 billion was removed.
Overdue loans at this bank also significantly decreased, from 7.13% in early 2014 to 3.93% at the end of the year.
