Banking rankings reversed after new moves: Sacombank and Eximbank were surpassed by 'dark horses'

In two consecutive years, this bank has had two "huge" capital increases, surpassing the two "giants" Sacombank (18,852 billion VND) and Eximbank (18,688 billion VND) in terms of charter capital scale.

A series of banks have just been approved to increase capital.

On June 3, the State Bank of Vietnam issued a document approving Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) to increase its charter capital by a maximum of VND3,781 billion through two rounds of share issuance to existing shareholders.

Accordingly, Vietbank is allowed to increase its charter capital through issuing shares from equity capital, worth VND1,071 billion, and increase capital through issuing shares to existing shareholders of more than VND2,709 billion.

With the approval to increase charter capital, Vietbank's charter capital will increase from VND 7,139 billion to VND 10,919.7 billion.

Vietbank said that the entire charter capital expected to increase will be used for investment in fixed assets, information technology systems, supplementing business capital, and expanding the operating network.

Previously, the State Bank also approved the increase in charter capital of National Citizen Commercial Joint Stock Bank (NCB) from the current VND11,780 billion to VND19,280 billion.

NCB increased its charter capital for the third time in four consecutive years. Photo: Hoang Ha.

According to the charter capital increase plan approved by NCB's 2025 Annual General Meeting of Shareholders (AGM) at the end of March, NCB will issue 750 million individual shares at an offering price of no less than VND10,000/share, aiming to increase charter capital by a maximum of VND7,500 billion.

Thus, in two consecutive years, NCB has had two "huge" capital increases, surpassing the two "giants" Sacombank (18,852 billion VND) and Eximbank (18,688 billion VND) in terms of charter capital scale.

In addition, ACB Bank has just been approved by the State Bank to increase its charter capital by a maximum of nearly VND6,700 billion in the form of issuing shares to pay dividends.

Specifically, ACB will issue up to nearly 670 million new shares to pay dividends to shareholders at a rate of 15% (shareholders owning 100 shares on the record date will receive 15 new shares). The total issuance value at par value is nearly VND6,700 billion. After the issuance, the bank's charter capital will increase from VND44,667 billion to a maximum of VND51,367 billion.

This capital increase helps ACB firmly consolidate its position in the top 10 banks with the highest charter capital in the system, approaching the 8th position of Agribank (VND 51,615 billion).

Similarly, the State Bank of Vietnam has just approved VIB to increase its capital by nearly VND4,300 billion. VIB plans to issue nearly 417.1 million shares to existing shareholders, equivalent to 14%, increasing its charter capital by nearly VND4,171 billion. In addition, VIB will issue 7.8 million bonus shares to employees, equivalent to 0.26%, increasing its charter capital by VND78 billion.

After completing the capital increase, VIB's charter capital will increase from more than VND 29,700 billion to more than VND 34,000 billion.

Top 10 banks with strong fluctuations in charter capital

In addition to the above banks, a number of banks are also preparing to increase capital according to the plan approved at the 2025 Annual General Meeting of Shareholders.

Of which, Nam A Bank plans to increase by more than VND 4,200 billion, raising its charter capital from more than VND 13,700 billion to more than VND 18,000 billion through issuing shares from equity to pay dividends and issuing ESOP shares.

At VietinBank, the General Meeting of Shareholders also approved the plan to issue nearly 2.4 billion shares to pay stock dividends at a rate of 44.64%. Thereby, VietinBank's charter capital will increase from VND53,700 billion to VND77,671 billion.

Previously, the "big guy" Vietcombank also issued more than 2.76 billion shares to pay dividends, with a total issuance value of more than VND 27,666 billion, thereby completing the increase of charter capital from VND 55,891 billion to VND 83,557 billion.

Thus, Vietcombank officially usurped VPBank to become the bank with the largest charter capital in the system.

Vietcombank is the leading bank in terms of charter capital. Photo: Nam Khanh.

VPBank ranked second with charter capital reaching 79,339 billion VND.

Ranked third is Techcombank with charter capital of 70,450 billion VND.

Next is MB with charter capital of 61,022 billion VND.

BIDV and VietinBank ranked fifth and sixth with charter capital reaching VND57,004 billion and VND53,700 billion, respectively.

With 51,638 billion VND, Agribank is ranked 7th in the system in terms of charter capital.

ACB ranked 8th with charter capital of VND51,367 billion. The remaining two banks in the Top 10 are SHB with charter capital of VND40,657 billion and HDBank with charter capital of VND35,101 billion.

Notably, LPBank (VND 29,873 billion) and VIB (VND 29,791 billion) have left the top 10 banks with the highest charter capital as of March 31, 2025.

Increasing charter capital is an essential need for banks to improve capital adequacy ratio (CAR) and increase credit expansion capacity.

The State Bank has also announced a draft Circular regulating capital adequacy ratios for commercial banks and foreign bank branches. According to current regulations of the Law on Credit Institutions, the minimum capital adequacy ratio is 8% or higher as prescribed by the Governor of the State Bank from time to time.

The draft circular is built in the direction of increasing the minimum capital safety ratio to 10.5% (gradually increasing from 2030 and reaching 10.5% in 2033).

In case commercial banks do not meet the minimum capital adequacy ratio of 8%, they will not be able to pay cash dividends.

Source: https://vietnamnet.vn/mot-nha-bang-soan-vi-tri-cua-sacombank-va-eximbank-2408859.html