The Q3/2024 banking sector report highlights:

Credit growth reached 9% by the end of September, with private banks seeing strong growth while state-owned banks remained steady.
Net Interest Income (NII) dropped by 2.34% year-over-year due to rising deposit rates, though some private and state-owned banks like CTG, HDB, and STB achieved good NII growth.
Net Interest Margin (NIM) remained stable compared to the end of 2023, though most banks showed a slight downward trend qoq.
Non-interest income declined across service and investment sectors.
Provision costs decreased as non-performing loan growth slowed, though pre-tax profit fell 6.57% quarter-over-quarter.
Total pre-tax profit was down quarter-over-quarter but showed an 18% year-over-year increase.