B - - NGUY N ÀO DI M PHÚC CÁC NHÂN T TÁC NG N C U TRÚC V N C A CÁC NGÂN HÀNG TH NG M I VI T NAM LU N V N TH C S KINH T TP H Chí Minh – N m 2013 B - - NGUY N ÀO DI M PHÚC CÁC NHÂN T TÁC NG N C U TRÚC V N C A CÁC NGÂN HÀNG TH NG M I VI T NAM LU N V N TH C S KINH T Chuyên ngành: Tài – Ngân hàng Mã s Ng : 60340201 ih ng d n khoa h c: PGS.TS TR NG QUANG THƠNG TP H Chí Minh – N m 2013 L I CAM OAN “Các nhân t cơng trình nghiên c êng tơi ác thơng tin d tt li th ình h ê t , lu trung th nghiên c nh Nh , n , õ ràng Ngoài ra, k thác d s ên c , khách quan khoa h TP H Tác gi Nguy n Di m Phúc L IC M N L ên tơi mu ùng tồn th Quý Th ành ph truy vô h ãt ình d àm hành trang cho nh ày K Thơng Trong th d ài, Th ãr nhi ình giúp t êm vào nh ã v cơng trình khoa h nghiên c , ý ngh th àn thành ày Cu b ành g nh su v.v… ã nh nh àh cho r ãng th Trân tr Tác gi Nguy n Di m Phúc nhi A M CL C Trang Trang ph ìa L L M Danh m Danh m Danh m hình v Danh m M 1 V M ên c nghiên c ph ên c Ý ngh th K CH ài nghiên c NG : C S LÝ LU N 1.1 Các khái ni 1.1.1 Khái ni Capital Structure) 1.1.2 Khái ni m c Optimal Capital Structure) 1.1.3 Khái ni Commercial Bank) 1.2 Các lý thuy Capital Structure Theories) 1.2.1 Lý thuy gliani Miller (Mơ hình MM) 1.2.2 Lý thuy The Agency Theory) 10 1.2.3 Lý thuy The Pecking-order Theory) 12 1.2.4 Lý thuy The Trade-off Theory) 13 1.3 Các nghiên c Literature Review) 15 1.3.1 Nghiên c àc 2005) 15 B 1.3.2 Nghiên c Heider (2009) 17 1.3.3 Nghiên c 1.3.4 Nghiên c Brown (2008) 20 1.4 Các nhân t (2010) 18 cv 1.4.1 Nhân t àng 22 Profitability) 22 1.4.2 Nhân t ên v 1.4.3 Nhân t Return On Equity) 23 Size) 23 1.4.4 Nhân t ài s Fixed Assets) 24 1.4.5 Nhân t Growth) 25 1.4.6 Nhân t GDP) 27 1.4.7 Nhân t Inflation) 27 K 28 CH NG 2: PHÂN TÍCH T NG QUAN NGÀNH NGÂN H ÀNG VI T NAM VÀ CÁC NHÂN T TH TÁC NG N C U TRÚC V N C A CÁC NGÂN HÀNG NG M I VI T NAM 29 2.1 T ành ngân hàng Vi 2.1.1 S 29 phát tri 29 2.1.2 Phân tích tình hình ho 2.1.2.1 Kh 2.1.2.2 Ch ng l àr àn v ài s ình CAMEL 32 Capital Adequacy – C) 32 (Asset Quality – A) 33 (Management – M) 34 2.1.2.4 Kh Earnings – E) 34 2.1.2.5 Kh (Liquidity – L) 36 2.2 Phân tích c 37 2.3 Phân tích nhân t Vi 38 2.3.1 Nhân t 2.3.2 Nhân t 2.3.3 Nhân t PROF) 38 ên v (ROE) 39 (SIZE) 40 C 2.3.4 Nhân t ài s (FA) 40 2.3.5 Nhân t (GROW) 41 2.3.6 Nhân t t 2.3.7 Nhân t GDP) 42 INF) 43 K 44 CH NG : NGHIÊN C U NH L NG CÁC NHÂN T TRÚC V N C A CÁC NGÂN HÀNG TH TÁ C NG NC U NG M I VI T NAM 45 45 3.1.1 Ngu 45 3.1.2 45 45 3.2 M ên c 3.3 Gi 46 mơ hình nghiên c 3.3.1 Xây d gi 3.3.2 Mơ hình nghiên c 3.4 K 47 ên c ên c 48 50 3.4.1 Phân tích ma tr 50 3.4.2 Phân tích h 52 3.4.3 Phân tích h àb ình h 3.4.5 K 47 53 ình h 3.4.6 Ki 53 56 ình 58 3.4.6.1 Ki 58 3.4.6.2 Ki 61 3.4.6.3 Ki 61 3.4.7 Các k 3.4.7.1 Bi 3.4.7.2 Bi 3.4.7.3 Bi ên c 62 PROF) 63 v ch ROE) 64 SIZE) 64 D 3.4.7.4 Bi ài s FA) 66 3.4.7.5 Bi GROW) 66 3.4.7.6 Bi GDP) 68 3.4.7.7 Bi INF) 69 K 70 :K À 71 4.1 K m 71 4.1.1 Nhân t Profitability) 71 4.1.2 Nhân t ên v 4.1.3 Nhân t 4.1.4 Nhân t s Return On Equity) 71 Size) 72 ài s Fixed Assets) 72 4.1.5 Nhân t Growth) 73 4.1.6 Nhân t GDP) 74 4.1.7 Nhân t Inflation) 75 4.2 M gi 76 4.2.1 Cân nh 76 4.2.1.1 Nâng cao v 76 òn cân n 76 4.2.1.3 K 4.2.2 L 4.3 Nh K K TÀI LI PH òn cân n 77 ình c ùh ên c 78 79 80 E DANH M C CÁC K Ý H I U, CH CSH VI T T T : Ch ịn b FA ài : Tài s GDP GROW INF :L LEV ịn b ài LNST :L MH : Mơ hình NH : Ngân hàng NHNN NHTM PROF :L ROE :T SIZE : Quy mô STT :S ên v TMCP VCSH :V VN : Vi DANH M C CÁC B NG BI U B :K B :K B : Lý thuy t k c B ên c àc (2005) Heider (2009) àK ên (2010) :K (2010) B 1.5 :K Brown (2008) B 3.1 :K t B 3.2 : Ma tr ịn b ài (LEV) F B :K B :K àb pháp Least Squares B : Ki ình h (Ki DANH M C CÁC H ÌNH V , S Hình 1.1 :C Hình 2.1 :C 3.1 ịn b : Mơ hình ài ên c i Vi DANH M C CÁC PH L C Ph 01 :B ình h Least Squares Ph 02 :B ình h Ph 03 :B ình h Ph 04 :B Ph 05 : Nhóm ch Ph 06 : ê bình quân nhân t Ph 07 : ê bình quân L (Trong kho Ph 08 : 09 àL ê bình quân T : -2012 -2012) (Trong kho Ph ih ài s –T -V -2012) kê bình quân Ti (Trong kho àng – Cho vay khách hàng -2012) Ph 10 : ê bình quân ROE kho -2012 Ph 11 : ê bình quân ROA kho -2012 Ph 12 : ê bình quân Tài s Ph 13 : ê bình quân T Ph 14 : ê bình quân T Ph 15 : Ma tr an bi -2012 -2012 20 PH L C 25 : DI N GI I CÁC BI N BI DI T ịn b ài LEV LEV = T ài s (Theo nghiên c L L PROF PROF = T ài s ình quân (Theo nghiên c T l ên v ch (Return On Equity) ROE Quy mơ SIZE àc L ROE = V ình quân (Theo nghiên c àc SIZE = LN (T ài s (Theo nghiên c Tài s Tài s FA = FA T ài s ài s (t) - T (Theo nghiên c T GROW ài s (t-1) GROW = T ài s (t-1) (Theo nghiên c t qu GDP L INF Wessels, 1988) (Theo nghiên c Heider, 2009) INF = L (Theo nghiên c Heider, 2009) 21 PH L C th mô t GDP c a Vi t Na m Và n c khu v c ô ng Nam Á châu Á n m 012 Ngu 22 PH L C 27 : K T Q U H I Q UY VÀ KI M NH TRÍCH T EVIEWS Least Squares) K Dependent Variable: LEV1 Method: Least Squares Sample: 224 Included observations: 224 Variable C PROF ROE SIZE FA GROW R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood Durbin-Watson stat Coefficient 0.533644 -5.160694 0.372828 0.021446 -0.842699 0.003510 0.710641 0.704005 0.050608 0.558340 353.5342 1.385241 Std Error t-Statistic 0.057995 9.201467 0.485952 -10.61976 0.050319 7.409337 0.003212 6.676127 0.303627 -2.775444 0.002606 1.347079 Mean dependent var S.D dependent var Akaike info criterion Schwarz criterion F-statistic Prob(F-statistic) Ngu K quy nhân t Least Squares) Dependent Variable: LEV2 Method: Least Squares Sample: 224 Included observations: 224 Variable C PROF ROE SIZE FA GROW GDP INF R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood Durbin-Watson stat Coefficient 0.461181 -5.110861 0.334516 0.023973 -0.737066 0.002019 0.558660 -0.034523 0.714648 0.705400 0.050489 0.550610 355.0957 1.404717 Prob 0.0000 0.0000 0.0000 0.0000 0.0060 0.1794 0.866767 0.093021 -3.102984 -3.011601 107.0781 0.000000 ình Eviews àb Std Error t-Statistic 0.075482 6.109853 0.486208 -10.51167 0.055248 6.054838 0.003561 6.731745 0.309004 -2.385300 0.002737 0.737367 0.354402 1.576347 0.056890 -0.606835 Mean dependent var S.D dependent var Akaike info criterion Schwarz criterion F-statistic Prob(F-statistic) Prob 0.0000 0.0000 0.0000 0.0000 0.0179 0.4617 0.1164 0.5446 0.866767 0.093021 -3.099069 -2.977224 77.27981 0.000000 23 K àng Dependent Variable: LEV3 Method: Panel Least Squares Sample: 2006 2012 Periods included: Cross-sections included: 32 Total panel (balanced) observations: 224 Variable C PROF ROE SIZE FA GROW Coefficient Std Error t-Statistic Prob 0.470022 -4.008243 0.349725 0.025130 -1.685438 0.002537 0.074353 0.520735 0.052228 0.004066 0.423394 0.002471 6.321522 -7.697287 6.696140 6.179932 -3.980775 1.026635 0.0000 0.0000 0.0000 0.0000 0.0001 0.3059 Effects Specification Cross-section fixed (dummy variables) R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) 0.813216 0.777258 0.043902 0.360414 402.5584 22.61552 0.000000 Mean dependent var S.D dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat Ngu Ki 0.866767 0.093021 -3.263915 -2.700384 -3.036446 1.701453 ình Eviews ình h àng (LEV3) Redundant Fixed Effects Tests Equation: Untitled Test cross-section fixed effects Effects Test Statistic Cross-section F Cross-section Chi-square 3.312706 98.048426 Ngu d.f Prob (31,187) 31 0.0000 0.0000 ình Eviews 24 K Dependent Variable: LEV4 Method: Panel Least Squares Sample: 2006 2012 Periods included: Cross-sections included: 32 Total panel (balanced) observations: 224 Variable C PROF ROE SIZE FA GROW Coefficient Std Error t-Statistic Prob 0.483248 -5.213838 0.306868 0.024907 -0.689296 0.000483 0.069297 0.494983 0.057484 0.003949 0.305771 0.002772 6.973567 -10.53336 5.338285 6.306660 -2.254285 0.174164 0.0000 0.0000 0.0000 0.0000 0.0252 0.8619 Effects Specification Period fixed (dummy variables) R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) 0.727616 0.713483 0.049791 0.525586 360.3052 51.48309 0.000000 Mean dependent var S.D dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat 0.866767 0.093021 -3.109868 -2.927101 -3.036094 1.170582 Ngu Ki rình Eviews ình h LEV4) Redundant Fixed Effects Tests Equation: Untitled Test period fixed effects Effects Test Statistic Period F Period Chi-square 2.201969 13.541940 Ngu d.f Prob (6,212) 0.0441 0.0352 ình Eviews 25 K hi an Dependent Variable: LEV5 Method: Panel Least Squares Sample: 2006 2012 Periods included: Cross-sections included: 32 Total panel (balanced) observations: 224 àng k Variable Coefficient Std Error t-Statistic Prob C PROF ROE SIZE FA GROW -0.033154 -3.668850 0.241686 0.054598 -1.207740 -0.000570 0.170293 0.535881 0.057997 0.009765 0.435683 0.002603 -0.194685 -6.846386 4.167193 5.591339 -2.772060 -0.218845 0.8459 0.0000 0.0000 0.0000 0.0062 0.8270 Effects Specification Cross-section fixed (dummy variables) Period fixed (dummy variables) R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) 0.831659 0.792597 0.042363 0.324827 414.2019 21.29046 0.000000 Mean dependent var S.D dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat Ki 0.866767 0.093021 -3.314303 -2.659388 -3.049947 1.651476 ình h LEV5) àng k Redundant Fixed Effects Tests Equation: Untitled Test cross-section and period fixed effects Effects Test Cross-section F Cross-section Chi-square Period F Period Chi-square Cross-Section/Period F Cross-Section/Period Chi-square Statistic 3.608603 107.793390 3.304921 23.286904 3.516706 121.335330 Ngu d.f Prob (31,181) 31 (6,181) (37,181) 37 0.0000 0.0000 0.0041 0.0007 0.0000 0.0000 ình Eviews 26 K bi àb àng Dependent Variable: LEV6 Method: Panel Least Squares Sample: 2006 2012 Periods included: Cross-sections included: 32 Total panel (balanced) observations: 224 Variable Coefficient Std Error t-Statistic Prob C PROF ROE SIZE FA GROW GDP INF 0.360021 -3.984096 0.326208 0.029783 -1.531669 0.001372 0.496503 -0.012645 0.113384 0.521410 0.055189 0.005404 0.441428 0.002628 0.384012 0.049975 3.175242 -7.641003 5.910717 5.510885 -3.469806 0.522171 1.292936 -0.253022 0.0018 0.0000 0.0000 0.0000 0.0006 0.6022 0.1976 0.8005 Effects Specification Cross-section fixed (dummy variables) R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) 0.814986 0.776983 0.043929 0.356999 403.6246 21.44539 0.000000 Mean dependent var S.D dependent var Akaike info criterion Schwarz criterion Hannan-Quinn criter Durbin-Watson stat 0.866767 0.093021 -3.255577 -2.661585 -3.015813 1.730243 Ngu 10 Ki sung bi Redundant Fixed Effects Tests Equation: Untitled Test cross-section fixed effects ình Eviews ình h àng (LEV6) Effects Test Statistic Cross-section F Cross-section Chi-square 3.236482 97.057831 Ngu àb d.f Prob (31,185) 31 0.0000 0.0000 ình Eviews 27 PH L C 28: D STT NH 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 VCB VCB VCB VCB VCB VCB VCB VCB CTG CTG CTG CTG CTG CTG CTG CTG BIDV BIDV BIDV BIDV BIDV BIDV BIDV BIDV EIB EIB EIB EIB EIB EIB EIB EIB ACB ACB LNST (EAT) 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 4,427,206 4,217,332 4,235,792 3,944,753 1,506,103 2,389,952 2,877,021 1,292,553 6,169,679 6,259,367 3,414,347 1,284,283 1,804,464 1,149,442 602,800 423,093 2,571,943 3,199,608 3,760,715 2,817,501 1,997,305 1,531,416 1,001,713 559,993 2,138,655 3,038,864 1,809,821 1,132,463 711,014 463,417 258,469 21,101 784,040 3,207,841 LI U S D NG CHO MƠ HÌNH T TÀI S 414,475,073 366,722,279 307,496,090 255,495,883 222,089,520 197,363,405 166,952,020 136,456,412 503,530,259 460,420,078 367,712,191 243,785,208 193,590,357 166,112,971 135,442,520 115,765,970 484,784,560 405,755,454 366,267,769 296,432,087 246,519,678 204,511,148 161,223,083 121,403,327 170,156,010 183,567,032 131,105,060 65,448,356 48,247,821 33,710,424 18,323,772 11,369,233 176,307,607 281,019,319 T 372,770,095 337,940,349 286,706,579 238,676,242 208,040,296 183,751,306 155,749,678 127,968,277 469,689,886 431,720,686 349,339,915 231,007,895 181,254,198 155,466,442 129,804,895 110,766,131 458,081,128 381,158,035 341,898,612 278,792,757 233,035,665 192,534,745 153,671,725 114,872,466 154,343,805 167,264,512 117,599,138 52,095,037 35,403,744 27,415,481 16,377,105 10,533,694 163,683,155 269,060,227 T V TÀI S CH C S 41,553,063 3,659,582 28,638,696 2,605,744 20,669,479 1,586,004 16,710,333 1,505,260 13,945,829 1,361,086 13,527,759 1,049,157 11,127,248 1,146,831 8,415,901 1,094,530 33,624,531 5,276,653 28,490,896 3,746,217 18,170,363 3,297,645 12,572,078 3,297,530 12,336,159 1,995,515 10,646,529 1,214,196 5,637,625 1,157,037 4,999,839 1,132,020 26,494,446 4,228,999 24,390,455 3,640,938 24,219,730 3,496,768 17,639,330 2,304,264 13,484,013 2,008,805 11,634,793 1,753,224 7,551,358 1,556,201 6,530,861 828,103 15,812,205 3,314,727 16,302,520 1,912,605 13,505,922 1,067,493 13,353,319 937,558 12,844,077 716,157 6,294,943 530,138 1,946,667 224,994 835,539 147,178 12,624,452 1,473,454 11,959,092 1,236,987 28 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 ACB ACB ACB ACB ACB ACB STB STB STB STB STB STB STB STB MBB MBB MBB MBB MBB MBB MBB MBB TCB TCB TCB TCB TCB TCB TCB TCB SEAB SEAB SEAB SEAB SEAB SEAB SEAB SEAB MSB MSB 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2,334,794 2,201,204 2,210,682 1,760,008 505,576 299,201 987,402 2,033,185 1,910,340 1,670,559 954,753 1,397,897 470,128 238,424 2,320,036 1,915,336 1,745,170 1,173,727 696,205 492,608 211,421 109,045 765,686 3,153,766 2,072,755 1,700,169 1,173,229 510,384 256,906 206,156 101,611 126,079 629,168 459,800 172,960 298,848 98,551 40,103 226,414 797,340 205,102,950 167,881,047 105,306,130 85,391,681 44,645,039 24,272,864 151,281,538 140,136,974 152,386,936 104,019,144 68,438,569 64,572,875 24,776,183 14,454,338 175,609,964 138,831,492 109,623,198 69,008,288 44,346,106 29,623,582 13,529,356 8,214,933 179,933,598 180,531,163 150,291,215 92,581,504 59,360,485 39,542,496 17,326,353 10,666,106 141,629,489 101,092,589 55,241,568 30,596,995 22,268,226 26,241,088 10,200,418 6,124,937 109,923,376 114,374,998 193,726,193 157,774,760 97,539,662 79,133,832 42,948,524 22,989,658 137,867,674 125,912,876 137,691,961 93,242,243 60,679,945 57,223,216 21,905,837 12,566,658 162,080,118 128,533,693 99,882,085 61,512,780 39,669,453 26,073,716 12,163,702 7,578,335 166,644,022 168,019,428 140,902,054 85,257,678 53,744,931 35,969,080 15,564,666 9,656,701 136,610,196 95,555,855 49,498,190 25,115,555 18,239,254 22,874,629 9,144,881 5,833,161 100,833,345 104,875,117 11,376,757 10,106,287 7,766,468 6,257,849 1,653,987 1,283,206 13,413,864 14,224,098 14,018,317 10,546,760 7,758,624 7,349,659 2,870,346 1,887,680 12,863,906 9,642,143 8,882,349 6,888,072 4,424,064 3,479,521 1,365,654 636,598 13,289,576 12,511,735 9,389,161 7,323,826 5,615,554 3,573,416 1,761,687 1,009,405 6,270,090 5,536,734 5,743,378 5,481,440 4,028,972 3,366,458 1,055,537 291,776 9,090,031 9,499,881 1,054,702 872,634 789,034 554,747 591,573 270,350 4,769,056 3,439,254 3,135,519 2,480,890 1,696,288 1,019,813 708,214 389,790 1,497,636 1,551,406 1,223,527 623,041 629,394 234,445 163,697 107,508 1,146,424 1,191,224 1,003,907 700,901 574,479 436,970 338,301 148,652 473,710 318,469 203,052 195,635 118,868 65,056 32,655 14,064 900,846 724,903 29 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 MSB MSB MSB MSB MSB MSB OJB OJB OJB OJB OJB OJB OJB OJB SHB SHB SHB SHB SHB SHB SHB SHB EAB EAB EAB EAB EAB EAB EAB EAB SCB SCB SCB SCB SCB SCB SCB SCB VPB VPB 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 1,157,117 772,886 316,650 172,846 79,068 32,569 243,214 487,931 520,422 227,323 45,300 97,362 9,393 7,060 1,687,269 753,029 494,329 318,405 194,770 126,889 7,054 5,305 577,214 947,156 659,328 587,648 538,737 332,268 159,952 100,842 63,835 397,344 278,089 314,734 463,890 258,735 109,890 46,695 643,394 799,688 115,336,083 63,882,044 32,626,054 17,569,024 8,521,285 4,378,532 64,462,099 62,639,317 55,138,903 33,784,958 14,091,336 13,680,072 1,001,386 748,987 116,537,614 70,989,542 51,032,861 27,469,197 14,381,310 12,367,441 1,322,027 292,897 69,278,223 64,738,195 55,873,084 42,520,402 34,713,192 27,376,038 12,040,339 8,515,913 149,205,560 144,814,138 60,182,876 54,492,474 38,596,053 25,941,554 10,931,587 4,032,299 102,576,275 82,817,947 109,008,494 60,328,592 30,752,680 15,685,220 7,726,230 4,133,039 59,977,285 57,995,266 51,051,559 31,532,579 13,013,174 12,565,500 821,825 578,818 107,028,802 65,158,674 46,849,647 25,052,152 12,114,655 10,189,031 810,733 192,568 63,174,032 58,924,430 50,452,801 38,344,013 31,198,238 24,146,843 10,509,128 7,804,155 137,835,495 133,479,635 55,472,240 50,010,825 35,786,886 23,310,601 10,137,586 3,701,880 95,939,258 76,821,702 6,327,589 3,553,452 1,873,374 1,883,804 795,055 245,493 4,484,814 4,644,051 4,087,344 2,252,379 1,078,162 1,114,572 179,562 170,169 9,506,050 5,830,868 4,183,214 2,417,045 2,266,655 2,178,409 511,294 100,329 6,104,191 5,813,765 5,420,283 4,176,389 3,514,954 3,229,195 1,531,211 711,758 11,370,065 11,334,503 4,710,636 4,481,649 2,809,167 2,630,953 794,001 330,419 6,637,017 5,996,245 615,381 258,567 219,635 103,047 87,797 73,629 231,609 232,217 132,439 194,020 45,900 14,246 4,814 4,367 4,127,127 2,254,983 1,526,154 853,627 823,991 343,949 86,111 78,007 1,379,110 1,223,566 940,622 793,784 586,665 364,691 236,575 151,354 2,589,928 2,196,888 911,901 678,961 572,145 324,971 186,583 58,549 458,197 370,704 30 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 VPB VPB VPB VPB VPB VPB VIB VIB VIB VIB VIB VIB VIB VIB ABB ABB ABB ABB ABB ABB ABB ABB VAB VAB VAB VAB VAB VAB VAB VAB PNB PNB PNB PNB PNB PNB PNB PNB NVB NVB 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 503,325 293,565 142,581 226,721 113,420 55,583 520,389 638,995 790,929 459,392 168,844 308,822 146,090 69,281 372,696 313,911 477,366 311,647 49,696 161,749 58,147 8,230 164,082 248,061 266,462 209,995 72,182 146,656 53,200 31,824 120,451 225,599 418,979 248,140 117,065 190,374 144,529 77,381 2,399 165,552 59,807,023 27,543,006 18,587,010 18,137,433 10,159,301 6,090,163 65,023,406 96,949,541 93,826,929 56,635,118 34,719,057 39,305,035 16,526,623 8,967,681 46,166,309 41,625,754 37,999,553 26,518,084 13,494,125 17,174,117 3,113,898 679,708 24,608,650 22,513,098 24,082,916 15,816,725 10,275,897 9,467,375 4,180,832 2,357,878 75,269,551 69,990,870 60,235,078 35,473,136 20,761,516 17,129,590 9,115,671 6,410,787 21,584,048 22,494,619 54,602,292 24,995,021 16,192,299 15,956,599 9,323,682 5,761,898 56,587,702 88,789,475 87,233,768 53,690,044 32,426,519 37,122,502 15,336,692 8,374,894 41,303,973 36,914,095 33,366,127 22,028,648 9,538,611 14,694,917 1,923,624 491,632 21,075,597 18,937,002 20,687,451 14,101,875 8,835,485 8,140,117 3,423,882 2,041,490 70,933,783 65,973,526 56,661,718 32,537,454 18,378,782 14,963,480 7,493,811 5,722,173 18,399,909 19,279,726 5,204,731 2,547,985 2,394,711 2,180,834 835,619 328,265 8,371,463 8,160,066 6,593,161 2,945,074 2,292,538 2,182,533 1,189,931 592,787 4,862,336 4,711,659 4,633,426 4,489,436 3,955,514 2,479,200 1,190,274 188,076 3,533,053 3,576,096 3,395,465 1,714,850 1,440,412 1,327,258 756,950 316,388 4,335,768 4,017,344 3,573,361 2,935,682 2,382,734 2,166,110 1,621,860 688,614 3,184,140 3,214,893 349,889 326,237 353,767 270,417 129,345 32,794 403,744 293,434 223,037 250,441 277,947 212,736 131,828 33,984 806,457 715,461 627,457 507,124 480,524 79,873 6,664 1,828 337,391 340,279 351,116 291,687 149,396 96,069 46,707 39,186 1,398,938 1,299,903 1,090,577 779,037 600,574 257,532 127,684 89,619 163,438 139,909 31 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 NVB NVB NVB NVB NVB NVB MHB MHB MHB MHB MHB MHB MHB MHB NAB NAB NAB NAB NAB NAB NAB NAB HDB HDB HDB HDB HDB HDB HDB HDB KLB KLB KLB KLB KLB KLB KLB KLB WEB WEB 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 156,914 142,416 57,145 74,734 20,826 3,093 312,797 83,987 80,979 50,574 51,936 134,583 74,092 52,522 180,645 240,522 138,612 56,260 9,710 75,106 39,140 20,970 326,431 426,496 269,409 194,205 59,944 120,969 67,878 35,044 351,026 394,616 195,347 91,605 37,253 53,858 18,162 10,198 42,612 120,760 20,016,386 18,689,953 10,905,279 9,903,074 1,126,545 144,861 37,979,948 47,281,765 51,210,983 39,712,473 35,162,410 27,110,786 18,734,297 12,629,825 16,008,223 18,890,391 14,508,724 10,938,109 5,891,034 5,240,389 3,884,440 1,605,244 52,782,831 45,025,421 34,389,227 19,127,427 9,557,917 13,822,552 4,015,303 2,306,764 18,580,999 17,849,201 12,627,784 7,478,452 2,939,018 2,200,856 827,261 376,824 15,151,781 20,550,642 17,994,048 17,523,914 9,829,121 9,324,046 605,410 41,712 34,540,032 44,094,745 47,997,489 38,536,757 34,042,567 26,045,031 17,805,270 11,779,714 12,731,369 15,737,464 12,333,832 9,601,431 4,601,851 4,573,889 3,285,427 1,419,320 47,389,085 41,477,790 32,031,590 17,331,263 7,885,326 13,081,818 3,311,671 1,937,876 15,136,132 14,393,068 9,402,789 6,361,774 1,891,731 1,562,435 508,893 331,676 11,942,639 17,383,814 2,022,338 1,166,039 1,076,158 579,028 521,135 103,149 3,439,916 3,187,020 3,213,494 1,175,716 1,119,843 1,065,755 929,027 850,111 3,276,853 3,152,927 2,174,892 1,336,679 1,289,183 666,501 599,013 185,924 5,393,746 3,547,632 2,357,637 1,796,164 1,672,591 740,734 703,632 368,888 3,444,868 3,456,133 3,224,995 1,116,678 1,047,288 638,421 318,368 45,148 3,209,142 3,162,785 106,571 107,637 108,682 59,737 19,296 3,115 1,133,005 1,089,166 635,445 315,965 276,182 229,625 171,969 182,305 830,613 827,490 524,641 458,103 417,973 78,321 61,436 58,436 311,834 327,506 256,043 250,618 150,489 66,454 55,561 33,652 574,958 433,092 385,565 51,901 45,628 23,060 9,284 7,990 259,119 1,265,745 32 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 WEB WEB WEB WEB WEB WEB MDB MDB MDB MDB MDB MDB MDB MDB DAB DAB DAB DAB DAB DAB DAB DAB OCB OCB OCB OCB OCB OCB OCB OCB PGB PGB PGB PGB PGB PGB PGB PGB SGB SGB 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 51,085 119,502 99,368 30,419 14,603 5,763 115,143 380,788 162,419 99,706 66,484 50,654 10,343 5,674 191,045 373,587 93,015 21,206 47,927 73,177 60,398 49,851 229,895 302,720 304,486 206,190 65,033 168,591 103,670 50,253 239,985 446,255 218,811 174,957 65,537 40,920 12,593 2,253 297,247 303,950 9,335,005 10,314,177 2,661,681 1,295,278 506,268 214,342 8,596,959 10,241,182 17,266,794 2,523,817 2,041,888 1,575,156 447,548 227,374 17,910,205 22,202,146 11,162,053 7,077,701 3,071,192 2,029,312 1,407,350 921,055 27,424,138 25,423,767 19,689,657 12,686,215 10,094,702 11,755,019 6,441,240 4,020,208 19,250,898 17,582,081 16,378,325 10,418,510 6,184,199 4,681,255 1,186,258 226,157 14,852,518 15,365,115 7,249,539 9,177,235 1,560,003 1,061,166 284,408 152,919 4,610,007 6,359,053 13,444,606 1,484,868 1,464,272 1,020,991 365,277 192,714 14,531,400 18,690,103 7,938,918 6,029,276 2,341,194 1,264,333 701,966 423,628 23,604,561 21,672,081 16,549,820 10,355,319 8,503,614 10,099,888 5,608,629 3,607,241 16,056,865 14,991,105 14,204,912 9,325,026 5,158,272 4,137,871 973,162 133,854 11,313,053 12,060,188 2,085,466 1,136,942 1,101,678 234,112 221,860 61,423 3,986,952 3,882,129 3,822,188 1,038,949 577,616 554,165 82,271 34,660 3,378,805 3,512,043 3,223,135 1,048,425 729,998 764,979 705,385 497,428 3,819,577 3,751,686 3,139,837 2,330,896 1,591,088 1,655,131 832,611 412,967 3,194,033 2,590,976 2,173,413 1,093,485 1,025,927 543,385 213,096 92,303 3,539,465 3,304,927 138,318 118,916 112,021 47,727 3,668 2,452 219,146 148,865 51,000 32,114 27,905 20,331 9,105 6,129 183,507 168,584 136,730 127,205 39,571 26,755 18,355 12,506 402,504 380,831 314,686 259,597 244,657 244,437 111,469 61,961 259,400 267,484 150,284 91,599 62,404 30,182 5,378 4,476 880,923 807,468 33 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 SGB SGB SGB SGB SGB SGB AGRB AGRB AGRB AGRB AGRB AGRB AGRB AGRB VCCB VCCB VCCB VCCB VCCB VCCB VCCB VCCB 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 2012 2011 2010 2009 2008 2007 2006 2005 795,024 210,106 161,247 170,522 119,178 80,021 2,584,490 3,633,592 1,300,237 1,829,680 3,319,214 4,515,271 1,106,921 290,087 204,178 269,933 56,538 54,627 4,942 64,378 11,920 6,533 16,812,004 11,875,915 11,205,359 10,184,646 6,240,308 4,290,929 590,795,736 562,245,075 534,987,152 480,937,045 396,993,075 321,444,140 238,495,226 192,319,498 20,670,415 16,968,239 8,225,404 3,329,942 3,348,407 2,036,415 783,873 502,687 Ngu 13,286,140 9,941,165 9,735,593 8,753,036 5,308,746 3,681,495 549,369,282 530,356,965 506,290,981 461,076,519 382,768,039 310,816,464 235,929,481 191,538,467 17,404,928 13,667,624 6,147,093 2,223,097 2,294,256 1,280,963 554,115 411,165 3,525,864 1,934,750 1,469,766 1,431,609 931,562 609,434 41,426,454 31,005,253 27,844,305 19,254,557 14,040,072 10,451,173 2,565,745 781,031 3,265,487 3,300,615 2,078,311 1,106,845 1,054,151 755,452 229,758 91,522 559,605 492,276 331,216 236,428 150,852 140,211 5,305,967 5,621,700 5,305,492 4,447,805 3,938,566 2,546,212 2,023,064 2,531,559 200,797 173,469 124,581 127,951 109,785 40,566 6,184 865 ài c PH L C 29 : V N I U L C A CÁC NHTM VI T NAM Ngu êt ài c 34 PH L C 30: DANH SÁCH CÁC NHTM VN STT C CH N TRONG MƠ H ÌNH TÊN TÊN NGÂN HÀNG VI V V MÃ C (T 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 NH Nông nghi Nông Thôn VN Phát tri Agribank NH TMCP Xu NH TMCP Sài Gòn Th NH TMCP Sài Gòn NH TMCP Á Châu NH TMCP Sài Gòn - Hà N NH TMCP K NH TMCP Hàng H NH TMCP Phát tri NH TMCP Vi TP.HCM NH TMCP Qu NH TMCP An Bình NH TMCP Phát Tri ê Kơng NH TMCP Vi Ngân hàng tri Phát NH TMCP Sài Gịn Cơng Th NH TMCP Nam Vi NH TMCP Nam Á NH TMCP Kiên Long NH TMCP B Ngu 29,154 Vietinbank Vietcombank BIDV Eximbank Sacombank SCB MB Bank ACB SHB Techcombank MaritimeBank SeABank HDBank VPBank DongA Bank OceanBank VIBank ABBank Southernbank Mdbank DAIABANK VIETA BANK NH TMCP Ngo AGRB CTG VCB BIDV EIB STB SCB MBB ACB SHB TCB MSB SEAB HDB VPB EAB OJB VIB ABB PNB MDB DAB VAB 26,218 23,174 23,011 12,355 10,740 10,584 10,000 9,376 8,865 8,788 8,000 5,334 5,300 5,050 5,000 5,000 4,250 4,199 4,000 3,750 3,100 3,098 MHB MHB 3,055 SGB NVB OCB NAB KLB WEB PGB VCCB ài c 3,040 3,010 3,000 3,000 3,000 3,000 3,000 3,000 SAIGONBANK Navibank OCB NAMA BANK Kienlongbank Westernbank PG BANK Viet Capital Bank êt ... t àng 29 CH NG PHÂN TÍCH T NG QUAN NGÀNH NGÂN HÀNG VI T NAM VÀ CÁC NHÂN T TÁC NG C A CÁC NGÂN HÀNG TH 2.1 T N C U TRÚC V N NG M I VI T NAM ngành ngân hàng Vi 2.1.1 S phát tri N ãt ngày khơng... 1.4.6 Nhân t GDP) 27 1.4.7 Nhân t 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