Statistics on 21 commercial banks detailing the number of employees and expenses for employees in the first six months showed that the number of bank personnel continued to increase.
The number of bank personnel continues to increase
Specifically, 21 banks had 222,473 people at the end of June 2019, an increase of more than 3,500 people, equivalent to 1.6 percent in the first six months of the year.
While there were seven banks with slight decline in the number of personnel, the remaining banks attracted more personnel, some with a strong increase in employees such as Vietnam International Commercial Joint Stock Bank (VIB) (+ 18.7 percent), Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) (+ 12 percent) or Tien Phong Commercial Joint Stock Bank (TPBank) (+ 10.5 percent).
Although the number of employees decreased by 392 people in the first six months, Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) was still the place with the most personnel among joint stock commercial banks. Two other big banks also reduced their staff but remained among the top three banks with the most employees, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank).
The bank is still the field attracting personnel by good income. The average salary for each employee in the first half of the past year continued to be more strongly spent by banks. Most of the income received by bankers increased compared to the 2018.
Which bank employee’s income is the highest?
However, increasing people and increasing income does not mean an increase in performance of banks and vice versa.
At Vietnam Technological and Commercial Joint Stock Bank (Techcombank), in the first six months, the number of employees increased by 550 people, the cost of employees also increased by 14 percent compared to 2018 from 27.6 million dong per capita per month to 31.6 million dong per capita per month. However, the productivity per capita reduced.
On average, each Techcombank’s employee earned 95.4 million dong of net profit (before credit risk cost) each month in the past six months, down more than 10 percent compared to 2018, this level of productivity is threshold of 106.8 million dong per month. Similar to Petrolimex Group Commercial Joint Stock Bank (PGBank) and Vietnam Export Import Commercial Joint Stock Bank (Eximbank) when the number of employees increased, the average cost per capita also increased but the earning capacity of each employee decreased by 22.7 percent and 11 percent respectively compared to 2018.
Meanwhile, on the other side, many big banks decreased the number of employees but their performance increased including BIDV, VPBank, Vietinbank, Asia Commercial Joint Stock Bank (ACB), etc.
Notably, Vietinbank had an average net profit of 89.5 million VND per month, up 79 percent from last year. Meanwhile, the number of employees of this bank decreased 360 people during the period.
The best earning ability comes from Vietcombank employees when the net profit per capita of this bank reached 132.6 million per month, continued to increase by 6.8 percent compared to 2018.
Among the top five banks with the best earning capacity of employees, the remaining banks were Techcombank, Vietinbank, TPB and Military Commercial Joint Stock Bank (MBBank). In addition to Techcombank, other banks still had positive growth for the average net profit of each employee brought every month.
