(Luận văn) các yếu tố tác động đến rủi ro tín dụng của các ngân hàng thương mại việt nam

BỘ GIÁO DỤC VÀ ĐÀO TẠO t to TRƯỜNG ĐẠI HỌC KINH TẾ TP.HỒ CHÍ MINH ng hi ep w n lo ad ju y th LÊ THỊ TUYẾT NGA yi pl ua al n CÁC YẾU TỐ TÁC ĐỘNG ĐẾN RỦI RO TÍN DỤNG CỦA CÁC NGÂN HÀNG THƯƠNG MẠI VIỆT NAM n va ll fu oi m at nh z z ht vb k jm om l.c gm LUẬN VĂN THẠC SĨ KINH TẾ n a Lu n va y te re Tp Hồ Chí Minh – Năm 2018 t to ng hi ep w n lo ad ju y th yi pl n ua al n va ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re t to ng hi ep w n lo ad ju y th yi pl n ua al n va ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re t to ng hi ep w n lo ad ju y th yi pl n ua al n va ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re BỘ GIÁO DỤC VÀ ĐÀO TẠO t to ng TRƯỜNG ĐẠI HỌC KINH TẾ TP.HỒ CHÍ MINH hi ep w n LÊ THỊ TUYẾT NGA lo ad ju y th yi CÁC YẾU TỐ TÁC ĐỘNG ĐẾN RỦI RO TÍN DỤNG CỦA CÁC NGÂN HÀNG THƯƠNG MẠI VIỆT NAM pl n ua al n va ll fu m oi Chuyên ngành: Tài – Ngân hàng nh at Mã số: 8340201 z z ht vb k jm LUẬN VĂN THẠC SĨ KINH TẾ om l.c gm NGƯỜI HƯỚNG DẪN KHOA HỌC: n a Lu TS NGUYỄN THANH PHONG n va y te re Tp Hồ Chí Minh – Năm 2018 t to ng hi ep w n lo ad ju y th yi pl n ua al n va ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re LỜI CAM ĐOAN t to Tôi cam đoan luận văn: “Các yếu tố tác động đến rủi ro tín dụng ng ngân hàng thương mại Việt Nam” nghiên cứu tơi hi ep Ngoại trừ tài liệu tham khảo trích dẫn luận văn này, cam đoan kết nghiên cứu luận văn chưa công bố sử dụng w n để nhận cấp nơi khác lo ad Tp.Hồ Chí Minh, ngày … tháng … năm… y th ju Người viết cam đoan yi pl n ua al va n LÊ THỊ TUYẾT NGA ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re t to ng hi ep w n lo ad ju y th yi pl n ua al n va ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re MỤC LỤC t to TRANG PHỤ BÌA ng LỜI CAM ĐOAN hi ep MỤC LỤC w DANH MỤC CHỮ VIẾT TẮT n lo DANH MỤC BẢNG BIỂU ad ju y th DANH MỤC BIỂU ĐỒ yi CHƯƠNG 1: GIỚI THIỆU ĐỀ TÀI NGHIÊN CỨU pl 1.1 Tính cấp thiết đề tài ua al n 1.2 Mục tiêu nghiên cứu va n 1.2.1 Mục tiêu tổng quát: ll fu oi m 1.2.2 Mục tiêu cụ thể: at nh 1.3 Câu hỏi nghiên cứu z 1.4 Đối tượng phạm vi nghiên cứu z ht vb 1.5 Phương pháp nghiên cứu jm 1.5.1 Phương pháp nghiên cứu định tính k gm 1.5.2 Phương pháp nghiên cứu định lượng l.c om 1.6 Kết cấu luận văn n a Lu 1.7 Ý nghĩa khoa học thực tiễn nghiên cứu ĐỘNG ĐẾN RỦI RO TÍN DỤNG CỦA NGÂN HÀNG THƯƠNG MẠI y 2.1.1 Khái niệm rủi ro tín dụng te re 2.1 Tổng quan rủi ro tín dụng NHTM n va CHƯƠNG 2: TỔNG QUAN VỀ RỦI RO TÍN DỤNG VÀ CÁC YẾU TỐ TÁC 2.1.2 Nguyên nhân rủi ro tín dụng t to 2.1.2.1 Nguyên nhân từ phía khách hàng vay ng hi 2.1.2.2 Nguyên nhân từ phía ngân hàng ep 2.1.2.3 Nhóm nguyên nhân khách quan 10 w n 2.1.3 Hậu rủi ro tín dụng 11 lo ad 2.1.3.1 Hậu rủi ro tín dụng đến hiệu hoạt động kinh doanh y th NHTM 11 ju yi 2.1.3.2 Hậu rủi ro tín dụng khách hàng 13 pl ua al 2.1.3.3 Hậu rủi ro tín dụng đến kinh tế 13 n 2.1.4 Các tiêu đo lường rủi ro tín dụng 14 n va ll fu 2.1.4.1 Tỷ lệ nợ hạn 14 oi m 2.1.4.2 Tỷ lệ nợ xấu 15 nh 2.1.4.3 Hệ số rủi ro tín dụng 15 at z 2.1.4.4 Tỷ lệ xoá nợ 15 z vb ht 2.1.4.5 Dự phịng rủi ro tín dụng 15 jm 2.1.4.6 Thu nhập lãi cận biên 16 k gm 2.2 Các yếu tố tác động đến rủi ro tín dụng 16 l.c om 2.2.1 Các yếu tố vi mô (thuộc ngân hàng) 16 y te re 2.2.1.5 Khả sinh lời 18 n 2.2.1.4 Quy mô ngân hàng 17 va 2.2.1.3 Địn bẩy tài 17 n 2.2.1.2 Các khoản dự phòng rủi ro 17 a Lu 2.2.1.1 Rủi ro tín dụng ngân hàng khứ 16 Phụ lục 9: Kết hồi quy mơ hình GMM t to  Mơ hình GMM cổ điển ng hi Dynamic panel-data estimation, two-step system GMM Group variable: NH Number of obs = ep Năm w Time variable: Number of groups n Obs per group: lo Number of instruments = 24 ad Prob > F = nplt Coef nplt1 1984373 llp 2.585793 2063604 lev -.0052894 size -.0051671 0011623 roat1 -.1725413 0228380 -7.56 lg -.0006784 0002522 -2.69 inf 0161068 0063908 gdp -.2844862 _cons 0639045 = 25 = 376.55 avg = 8.96 0.000 max = P>|t| [95% Conf Interval] 0131734 15.06 0.000 1712487 225626 12.53 0.000 2.159886 3.0117 0025941 -2.04 0.053 -.0106433 0000645 -4.45 0.000 -.0075659 -.0027682 ll 0.000 -.2196766 -.125406 0.013 -.001199 -.0001579 2.52 nh 0029169 0292967 0417253 -6.82 0.000 -.370603 -.1983693 0101789 6.28 0.000 vb Std Err .0849128 yi t ua ju = y th F(8, 24) 224 pl al n n va fu oi m at 0.019 z z 0428962 ht GMM-type (missing=0, separate instruments for each period unless collapsed) y GMM-type (missing=0, separate instruments for each period unless collapsed) te re _cons n llp lev size roat1lg inf gdp va Standard n Instruments for levels equation a Lu L.nplt1 om l.c D.(llp lev size roat1lg inf gdp) gm Standard k Instruments for first differences equation jm Warning: Uncorrected two-step standard errors are unreliable D.nplt1 t to -Arellano-Bond test for AR(1) in first differences: z = -1.14 Pr > z = 0.253 ng hi ep Arellano-Bond test for AR(2) in first differences: z = 0.10 Pr > z = 0.920 Sargan test of overid restrictions: chi2(17) = 28.52 Prob > chi2 = 0.039 w n (Not robust, but not weakened by many instruments.) lo ad Hansen test of overid restrictions: chi2(17) = 18.40 Prob > chi2 = 0.364 ju y th (Robust, but weakened by many instruments.) yi Difference-in-Hansen tests of exogeneity of instrument subsets: pl ua al GMM instruments for levels Hansen test excluding group: chi2(8) = 10.87 Prob > chi2 = 0.209 n = 7.53 Prob > chi2 = 0.582 n va Difference (null H = exogenous): chi2(9) chi2(10) = 11.98 Prob > chi2 = 0.287 ll m Hansen test excluding group: fu iv(llp lev size roat1 lg inf gdp) oi Difference (null H = exogenous): chi2(7) = 6.42 Prob > chi2 = 0.491 at nh z z ht vb k jm om l.c gm n a Lu n va y te re  Mơ hình GMM theo Roodman t to ng Dynamic panel-data estimation, two-step system GMM Group variable: NH Number of obs Năm hi Time variable: ep Number of instruments = 18 w Wald chi2(8) = 248 Number of groups = 25 Obs per group: = 187.41 avg = 9.92 = 0.000 max = 10 n = lo Prob > chi2 ad nplt1 2123710 llp Std Err P>|z| [95% Conf Interval] 1155896 1.84 0.066 -.0141804 4389225 2.008735 3260441 6.16 0.000 1.3697 2.64777 lev 0013316 0108091 0.12 0.902 -.0198539 0225171 size -.0054861 0026941 0.042 -.0107663 -.0002058 roat1 -.1547289 0651646 -2.37 0.018 -.2824492 -.0270085 lg -.0008747 0005261 -1.66 0.096 -.0019058 0001565 inf 0184042 0151268 1.22 0.224 -.0112437 0480522 gdp -.3812814 1011913 -3.77 0.000 -.5796127 -.1829501 _cons 0690359 0239276 2.89 0.004 yi n ua al Coef pl nplt ju z nh y th Corrected va n -2.04 ll fu oi m at z 1159331 z ht vb Instruments for first differences equation 0221387 jm k GMM-type (missing=0, separate instruments for each period unless collapsed) y Arellano-Bond test for AR(2) in first differences: z = -0.02 Pr > z = 0.981 te re -Arellano-Bond test for AR(1) in first differences: z = -1.16 Pr > z = 0.247 n D.nplt1 collapsed va GMM-type (missing=0, separate instruments for each period unless collapsed) n _cons a Lu llp lev size roat1 lg inf gdp om Standard l.c Instruments for levels equation gm L(1/9).nplt1 collapsed t to Sargan test of overid restrictions: chi2(9) = 7.14 Prob > chi2 = 0.623 ng (Not robust, but not weakened by many instruments.) hi ep Hansen test of overid restrictions: chi2(9) = 9.11 Prob > chi2 = 0.427 (Robust, but weakened by many instruments.) w n lo ad Difference-in-Hansen tests of exogeneity of instrument subsets: y th GMM instruments for levels chi2(8) ju Hansen test excluding group: = 8.77 Prob > chi2 = 0.362 yi pl Difference (null H = exogenous): chi2(1) = 0.35 Prob > chi2 = 0.557 ua al iv(llp lev size roat1 lg inf gdp, eq(level)) chi2(2) n Hansen test excluding group: = 3.86 Prob > chi2 = 0.145 va n Difference (null H = exogenous): chi2(7) = 5.25 Prob > chi2 = 0.629 ll fu oi m at nh z z ht vb k jm om l.c gm n a Lu n va y te re ad ju y th yi pl ua al n Phụ lục 10: Dữ liệu nghiên cứu: va ROA (t-1) LG INF GDP 1.42% 1.67% 1.82% 1.45% 1.44% 1.22% 1.12% 1.02% 0.88% 1.00% 1.06% 1.92% 1.81% 1.85% 1.45% 1.28% 1.38% 1.21% 1.28% 1.03% 0.94 0.95 0.94 0.93 0.94 0.94 0.94 0.95 0.95 0.96 0.93 0.94 0.93 0.93 0.92 0.90 0.91 0.92 0.93 0.94 8.31 8.39 8.47 8.56 8.61 8.69 8.74 8.81 8.93 9.00 8.30 8.35 8.41 8.49 8.56 8.62 8.67 8.76 8.83 8.90 0.39% 0.75% 0.80% 0.95% 1.03% 0.79% 0.61% 0.74% 0.77% 0.75% 1.72% 1.22% 0.61% 1.54% 1.38% 1.15% 1.07% 0.93% 0.80% 0.79% 33.80% 21.97% 28.21% 23.15% 15.64% 15.65% 15.04% 13.98% 34.27% 20.93% 10.97% 15.65% 25.56% 24.85% 18.44% 15.16% 13.75% 17.87% 19.91% 18.85% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 43.97% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% oi m ll fu k jm ht vb om l.c gm an Lu va n y te re ac th si g e cd 8.81% 4.32% 3.16% 2.68% 2.53% 2.76% 2.70% 2.26% 2.03% 1.68% 2.75% 3.69% 4.61% 2.47% 2.83% 2.03% 2.40% 2.73% 2.31% 1.84% SIZE z 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 LEV z BID BID BID BID BID BID BID BID BID BID VCB VCB VCB VCB VCB VCB VCB VCB VCB VCB LLP at NPL(t-1) nh Năm n ngân hàng jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 7.40% 18.16% 35.13% 43.59% 25.24% 13.61% 12.88% 16.90% 22.33% 23.03% 145.78% -1.04% 70.41% 38.27% -2.36% 19.61% 11.95% 15.51% 47.43% 6.95% 80.77% 15.07% 80.77% y te ac th si 27.50% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% g e cd 0.44% 0.69% 0.93% 0.53% 0.93% 1.36% 1.23% 1.01% 0.87% 0.73% 1.90% 2.16% 1.40% 1.61% 1.25% 1.41% 0.66% 1.35% 1.21% 0.22% 1.41% 1.37% 1.47% an 8.22 8.29 8.39 8.57 8.66 8.70 8.76 8.82 8.89 8.98 7.81 7.84 8.02 8.18 8.15 8.18 8.20 8.28 8.47 8.52 7.53 7.68 7.82 0.94 0.94 0.95 0.95 0.94 0.93 0.96 0.92 0.93 0.94 0.89 0.89 0.90 0.90 0.90 0.91 0.90 0.91 0.92 0.93 0.81 0.73 0.80 ht 1.03% 1.11% 0.64% 0.75% 0.66% 0.73% 0.57% 0.66% 0.58% 0.72% 0.27% 0.37% 0.50% 0.54% 0.57% 0.95% 0.82% 0.69% 0.77% 0.73% 0.22% 0.78% 0.58% oi 1.41% 1.03% 1.81% 0.61% 0.66% 0.75% 1.47% 1.00% 1.12% 0.92% 0.72% 0.23% 0.60% 0.64% 0.54% 0.58% 2.05% 1.48% 1.19% 5.87% 0.85% 0.88% 4.71% va 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 n CTG CTG CTG CTG CTG CTG CTG CTG CTG CTG STB STB STB STB STB STB STB STB STB STB EIB EIB EIB 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 62.44% 19.76% 0.35% 11.25% 4.55% -2.74% 2.51% 86.96% 9.50% 79.02% 39.83% 17.91% 0.01% 4.26% 7.05% 17.96% 20.73% 748.61% 48.85% 103.97% 89.76% 19.52% 97.66% y te ac th si 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% g e cd 1.73% 1.38% 1.66% 1.24% 0.38% 0.03% 0.03% 1.13% 2.06% 2.10% 1.31% 1.14% 1.14% 0.44% 0.50% 0.53% 0.51% 0.53% 1.03% 1.57% 1.16% 0.97% 1.06% an 8.12 8.26 8.23 8.23 8.21 8.10 8.11 7.93 8.02 8.23 8.31 8.45 8.25 8.22 8.25 8.30 8.37 7.09 7.09 7.44 7.71 7.85 8.07 0.90 0.91 0.91 0.91 0.91 0.89 0.90 0.93 0.93 0.94 0.94 0.96 0.93 0.92 0.93 0.94 0.94 0.82 0.98 0.91 0.92 0.92 0.92 ht 0.48% 0.34% 0.36% 0.42% 0.63% 0.70% 0.83% 0.16% 0.22% 0.30% 0.35% 0.35% 0.85% 0.93% 0.88% 0.76% 0.77% 0.07% 0.21% 0.46% 0.53% 0.50% 1.07% oi 1.83% 1.42% 1.61% 1.32% 1.98% 2.46% 1.86% 0.19% 0.08% 0.89% 0.41% 0.34% 0.59% 2.50% 3.03% 2.21% 2.15% 1.37% 0.50% 1.89% 2.82% 1.41% 2.26% va 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 n EIB EIB EIB EIB EIB EIB EIB ACB ACB ACB ACB ACB ACB ACB ACB ACB ACB SHB SHB SHB SHB SHB SHB 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 34.37% 36.06% 26.26% 22.18% 1131.72% 25.46% 81.93% 144.74% 19.64% -55.81% 4.58% 22.04% 24.24% 24.08% 93.57% 35.55% 87.97% 64.92% 21.00% 26.14% 17.81% 14.62% 20.66% y te ac th si 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% g e cd 1.45% 0.59% 0.47% 0.39% 1.85% 0.75% 0.52% 0.76% 0.97% 1.06% 0.01% 0.06% 0.02% 0.01% 1.61% 1.66% 1.59% 2.88% 1.56% 1.53% 1.31% 1.27% 1.25% an 8.16 8.23 8.31 8.37 7.00 7.04 7.27 7.71 7.85 7.33 7.46 7.57 7.68 7.84 7.47 7.65 7.84 8.04 8.14 8.24 8.26 8.30 8.34 0.93 0.94 0.95 0.94 0.94 0.90 0.94 0.92 0.92 0.85 0.89 0.91 0.93 0.95 0.88 0.89 0.89 0.91 0.93 0.92 0.91 0.91 0.90 ht 0.83% 0.62% 0.69% 0.77% 0.06% 0.20% 0.51% 0.53% 0.50% 1.01% 0.72% 0.53% 0.43% 0.42% 0.49% 0.56% 0.65% 0.67% 0.79% 0.75% 0.98% 1.23% 0.89% oi 8.81% 5.66% 2.02% 1.72% 1.04% 0.16% 2.91% 2.45% 1.40% 2.23% 5.64% 6.07% 2.55% 2.15% 2.78% 1.53% 1.83% 1.68% 1.26% 0.79% 1.84% 24.46% 2.73% va 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 n SHB SHB SHB SHB NCB NCB NCB NCB NCB NCB NCB NCB NCB NCB MBB MBB MBB MBB MBB MBB MBB MBB MBB 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 24.22% 506.42% -4.65% 97.02% 54.29% 0.19% -5.82% 26.08% 9.82% 19.05% 26.83% 227.81% -31.29% 26.89% 113.09% -4.25% -15.00% 25.36% 53.22% 33.49% 37.81% 101.76% 23.30% y te ac th si 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% g e cd 1.14% 1.87% 0.94% 0.37% 1.18% 1.26% 0.74% 0.87% 0.24% 0.17% 0.14% 0.97% 1.14% 1.43% 1.50% 1.14% 0.12% 0.07% 0.19% 0.11% 0.11% 1.52% 3.16% an 8.41 7.23 7.13 7.42 7.58 7.62 7.66 7.76 7.83 7.81 7.87 7.42 7.35 7.49 7.74 8.00 7.88 7.90 7.90 7.93 8.01 6.31 6.52 0.90 0.86 0.71 0.83 0.88 0.89 0.89 0.90 0.92 0.91 0.92 0.87 0.81 0.82 0.90 0.95 0.93 0.93 0.93 0.93 0.94 0.63 0.69 ht 0.80% 0.34% 0.60% 0.54% 0.56% 0.77% 0.90% 1.13% 0.70% 0.60% 0.79% 0.18% 0.35% 0.53% 0.59% 0.32% 0.62% 0.63% 0.62% 0.43% 0.53% 0.10% 0.10% oi 1.61% 3.10% 1.51% 2.07% 2.21% 2.36% 2.58% 2.84% 6.74% 3.97% 2.12% 0.23% 0.24% 2.14% 1.88% 2.14% 2.75% 2.98% 2.84% 2.86% 1.60% 0.04% 0.44% va 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 n MBB ABB ABB ABB ABB ABB ABB ABB ABB ABB ABB SeaBank SeaBank SeaBank SeaBank SeaBank SeaBank SeaBank SeaBank SeaBank SeaBank VIETCAP VIETCAP 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 78.60% 58.23% 19.59% 77.66% 28.93% 29.46% 22.12% 12.78% 123.62% 43.19% 34.35% 11.54% 14.83% 15.11% 4.74% -2.26% 8.80% -2.26% 126.02% 71.72% 112.95% 33.34% 18.61% y te ac th si 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% g e cd 0.15% 1.64% 0.69% 1.59% 1.00% 0.45% 0.63% 0.18% 1.55% 1.21% 1.55% 1.38% 1.18% 1.44% 0.83% 0.44% 0.03% 0.22% 0.93% 0.98% 0.97% 1.21% 1.00% an 6.52 6.92 7.23 7.32 7.36 7.41 7.46 7.52 7.44 7.54 7.63 7.75 7.82 7.84 7.87 7.94 7.96 7.99 7.24 7.51 7.81 8.06 8.06 0.07 0.75 0.81 0.84 0.86 0.87 0.89 0.84 0.88 0.90 0.90 0.90 0.91 0.91 0.92 0.94 0.96 0.93 0.89 0.94 0.94 0.95 0.92 ht 0.54% 0.45% 0.28% 0.35% 0.54% 0.54% 0.42% 0.36% 0.23% 0.77% 0.81% 0.80% 1.01% 1.29% 1.20% 1.09% 1.14% 1.09% 0.20% 0.26% 0.27% 0.27% 0.32% oi 1.24% 3.48% 4.07% 2.70% 1.90% 4.11% 4.25% 4.33% 0.98% 0.44% 2.55% 1.33% 1.60% 1.69% 3.95% 3.99% 3.76% 4.55% 3.76% 2.08% 2.78% 3.42% 2.65% va 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 n VIETCAP VIETCAP VIETCAP VIETCAP VIETCAP VIETCAP VIETCAP VIETCAP EAB EAB EAB EAB EAB EAB EAB EAB EAB EAB MSB MSB MSB MSB MSB 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re -23.33% -5.30% -14.23% 19.49% 25.02% 124.50% 62.41% 122.03% 43.78% 19.91% 15.23% 25.25% 11.53% 19.90% 21.88% 135.58% 105.47% 25.74% 0.00% 19.88% 7.58% 1.21% 14.85% y te ac th si 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% g e cd 0.70% 0.21% 0.31% 0.13% 0.11% 2.20% 2.45% 1.27% 1.22% 1.55% 2.21% 1.89% 1.47% 0.76% 0.65% 1.48% 1.29% 1.84% 1.38% 1.38% 1.75% 0.43% 0.41% an 8.04 8.03 8.03 8.02 7.97 6.34 6.47 6.87 7.10 7.25 7.27 7.33 7.36 7.40 7.48 7.60 7.97 8.18 8.18 8.26 8.26 8.20 8.25 0.92 0.91 0.88 0.87 0.85 0.71 0.64 0.85 0.74 0.81 0.81 0.84 0.85 0.87 0.89 0.91 0.92 0.94 0.94 0.93 0.93 0.91 0.91 ht 0.68% 0.68% 0.51% 0.58% 0.49% 0.33% 0.39% 0.39% 0.49% 0.53% 0.76% 0.59% 0.59% 0.54% 0.56% 0.00% 0.55% 0.41% 0.41% 0.49% 0.63% 0.75% 0.55% oi 2.42% 2.30% 2.21% 2.02% 1.95% 0.68% 1.22% 1.61% 1.17% 1.11% 2.77% 2.93% 2.47% 1.95% 1.13% 0.66% 1.41% 1.65% 2.00% 2.31% 2.83% 2.70% 3.71% va 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 n MSB MSB MSB MSB MSB KLB KLB KLB KLB KLB KLB KLB KLB KLB KLB TECHCOM TECHCOM TECHCOM TECHCOM TECHCOM TECHCOM TECHCOM TECHCOM 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 41.38% 27.13% 31.80% 38.94% 33.69% 5.77% 17.79% 9.65% 68.95% 37.09% 31.55% 15.21% 62.16% 13.76% 18.84% 13.39% 19.52% 24.51% 17.06% 6.37% 29.03% 39.04% 51.76% y te ac th si 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% g e cd 0.62% 0.80% 1.01% 1.43% 0.16% 0.51% 0.96% 1.26% 1.13% 0.47% 0.50% 0.55% 1.61% 1.43% 0.64% 1.63% 1.55% 1.19% 0.84% 0.74% 0.56% 0.42% 1.91% an 8.28 8.37 6.72 6.77 7.04 7.16 7.28 7.20 7.46 7.57 7.55 7.63 7.07 7.00 7.10 7.29 7.41 7.44 7.52 7.59 7.69 7.80 7.01 0.91 0.92 0.87 0.78 0.88 0.85 0.83 0.80 0.89 0.91 0.90 0.92 0.86 0.84 0.82 0.84 0.85 0.86 0.88 0.90 0.91 0.93 0.86 ht 0.61% 0.64% 0.15% 0.34% 0.23% 0.37% 0.28% 0.43% 0.27% 0.40% 0.55% 0.91% 0.36% 0.69% 0.84% 0.53% 0.69% 1.14% 0.63% 0.78% 0.49% 0.52% 0.62% oi 2.41% 1.66% 0.17% 1.76% 1.94% 2.04% 2.18% 2.84% 2.48% 1.48% 1.47% 0.91% 0.35% 1.39% 2.87% 2.64% 2.05% 2.25% 2.80% 2.90% 3.00% 1.90% 0.77% va 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 n TECHCOM TECHCOM NAMA NAMA NAMA NAMA NAMA NAMA NAMA NAMA NAMA NAMA OCB OCB OCB OCB OCB OCB OCB OCB OCB OCB SGB 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 7.51% 22.81% 7.55% 6.95% -2.88% -1.76% 5.27% 3.38% 7.94% 164.10% -2.88% 22.54% 60.14% 15.24% 26.45% 42.19% 49.37% 49.03% 23.86% 1059.50% 63.65% -29.86% 66.00% y te ac th si 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 6.52% 11.75% 18.13% 6.81% g e cd 1.67% 1.44% 1.74% 4.73% 1.98% 2.00% 1.18% 1.14% 0.24% 1.12% 1.25% 0.77% 1.07% 0.84% 0.97% 0.63% 0.84% 0.77% 1.24% 2.79% 0.34% 0.25% -5.51% an 7.05 7.08 7.23 7.19 7.17 7.17 7.20 7.25 7.28 7.26 7.27 7.44 7.78 7.92 8.01 8.08 8.21 8.29 8.36 7.03 7.32 7.40 7.18 0.87 0.84 0.79 0.78 0.76 0.76 0.78 0.81 0.82 0.88 0.87 0.91 0.91 0.93 0.94 0.94 0.94 0.93 0.92 0.85 0.85 0.93 0.78 ht 0.64% 1.02% 0.87% 1.54% 0.74% 0.69% 0.59% 0.52% 0.54% 0.23% 0.87% 0.47% 0.38% 0.38% 0.37% 0.50% 0.69% 0.90% 0.91% 0.20% 0.33% 0.24% 0.61% oi 0.42% 0.69% 1.78% 1.91% 4.75% 2.93% 2.24% 2.08% 1.88% 0.58% 0.49% 3.40% 1.63% 1.20% 1.82% 2.72% 2.81% 2.54% 2.69% 0.12% 0.15% 0.52% 0.67% va 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2009 2010 2011 2012 n SGB SGB SGB SGB SGB SGB SGB SGB SGB VPB VPB VPB VPB VPB VPB VPB VPB VPB VPB TPB TPB TPB TPB 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 5.40% 6.42% 6.24% 5.25% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n re 96.05% 66.35% 42.35% 65.16% 139.16% 23.35% 164.96% 73.71% 11.26% 13.83% 0.58% 4.62% 9.48% 10.40% 232.86% -30.71% 33.28% 42.49% 18.07% 52.72% 108.20% -4.63% 34.69% y te ac th si 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% g e cd 0.77% 1.19% 1.04% 0.74% 1.06% 0.87% 1.06% 1.68% 1.34% 2.54% 1.25% 0.15% 0.51% 0.17% 1.69% 0.88% 0.63% 1.02% 0.78% 0.95% 0.62% 0.25% 0.48% an 7.51 7.71 7.88 8.02 6.67 6.79 7.02 7.21 7.25 7.28 7.40 7.41 7.39 7.39 7.14 6.98 7.28 7.54 7.65 7.72 7.94 8.00 8.03 0.88 0.92 0.94 0.95 0.88 0.83 0.90 0.87 0.85 0.83 0.87 0.87 0.86 0.86 0.95 0.83 0.91 0.93 0.92 0.90 0.90 0.91 0.91 ht 0.36% 0.39% 0.34% 0.39% 0.08% 0.29% 0.45% 0.64% 1.05% 1.65% 0.75% 0.67% 0.72% 0.71% 0.26% 0.42% 0.33% 0.25% 0.31% 0.37% 0.81% 0.49% 0.66% oi 3.66% 1.97% 1.01% 0.66% 0.09% 1.10% 1.40% 1.23% 1.42% 2.06% 8.44% 2.98% 2.48% 2.75% 0.29% 0.31% 1.93% 1.10% 0.83% 2.11% 2.35% 3.53% 2.27% va 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 n TPB TPB TPB TPB PGB PGB PGB PGB PGB PGB PGB PGB PGB PGB HDB HDB HDB HDB HDB HDB HDB HDB HDB 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% jg hg ad ju y th yi pl ua al n m ll fu at nh z z vb k jm gm om l.c Lu va n 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% 12.60% 19.89% 6.52% 11.75% 18.13% 6.81% 6.04% 1.84% 0.60% 4.74% re 45.38% 82.20% 18.10% 38.33% 52.56% 4.23% -17.53% 4.69% 1.67% 25.14% 25.96% 137.34% 19.51% 34.51% 5.96% 99.14% 33.43% 0.96% 50.56% 27.21% 30.34% y te ac th 0.59% 0.88% 0.79% 0.49% 0.82% 0.84% 0.66% 0.80% 0.07% 0.65% 0.62% 1.00% 1.00% 1.20% 0.58% 0.46% 0.19% 0.04% 0.02% 0.04% 0.03% an 8.18 7.59 7.54 7.75 7.97 7.99 7.81 7.89 7.91 7.93 8.02 7.41 7.59 7.74 7.78 8.16 8.17 8.26 8.38 8.49 8.56 0.93 0.94 0.93 0.95 0.93 0.92 0.87 0.90 0.89 0.90 0.92 0.90 0.93 0.92 0.92 0.92 0.92 0.93 0.95 0.98 0.96 ht 0.61% 0.34% 0.54% 0.44% 0.50% 0.71% 1.06% 1.20% 1.10% 0.89% 0.97% 0.31% 0.46% 0.63% 1.28% 1.14% 0.66% 0.36% 0.30% 0.40% 0.58% oi 1.05% 1.50% 1.24% 1.84% 1.28% 2.25% 2.51% 2.62% 2.82% 2.51% 2.07% 0.31% 0.34% 0.57% 1.28% 11.40% 8.75% 6.10% 1.63% 0.49% 0.34% va 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 n HDB VIB VIB VIB VIB VIB VIB VIB VIB VIB VIB SCB SCB SCB SCB SCB SCB SCB SCB SCB SCB 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% 7.13% 5.66% 5.40% 6.42% 6.24% 5.25% 5.42% 5.98% 6.68% 6.21% si g e cd jg hg