The summary of the dissertation: Research on the financial capacity of commercial banks after M&A in Vietnam according to CAMELS criteria

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The research objective of the thesis is to evaluate the financial capacity of commercial banks after M&A in Vietnam according to Camels criteria in the past time, thereby offering solutions to improve the financial capacity of commercial banks after M&A in Vietnam in the coming time.

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Nội dung Text: The summary of the dissertation: Research on the financial capacity of commercial banks after M&A in Vietnam according to CAMELS criteria

MINISTRY OF EDUCATION AND TRAINING THE DISSERTATION ARE COMPLETED AT NATIONAL ECONOMICS UNIVERSITY NATIONAL ECONOMICS UNIVERSITY --------------------------------- Science instructor: 1. PROF.DR LE DUC LU 2. DR. HOANG VIET TRUNG NGUYEN THI VAN Reviewer 1 : RESEARCH THE FINANCIAL CAPACITY OF COMMERCIAL BANKS AFTER M&A Reviewer 2: IN VIETNAM BY CAMELS CRITERIA Major: FINANCE - BANKING Reviewer 3: Code: 9340201 The dissertation is protected at the Council of thesis National Economics University THE SUMMARY OF THE DISSERTATION At:… ..hours, date …… month ……. 2022 The dissertation can be found at: - National Library - Library of National Economics University HA NOI – 2022
1 2 INTRODUCTION owned commercial banks or Vietnamese commercial banks in general, but has not studied commercial banks after M&A implementation. For 1. Necessity of research the above reason, the author has chosen the topic "Research on the After implementing the project on restructuring the credit financial capacity of commercial banks after M&A in Vietnam institution system in phase 1 (2011-2015) and phase 2 (2016-2020), according to CAMELS criteria" to continue to contribute more in banking M&A activities in Vietnam as of 2021 still have not been terms of theoretical aspects of the role of financial capacity in completed professional, small in number, sometimes spontaneous, Vietnam's commercial banking system. sometimes due to the pressure of mechanisms and regulations in legal 2. Research purpose documents, not yet derived from the economic interests of the bank The research objective of the thesis is to evaluate the financial and the economy economic, thus inexperienced and poorly informed. capacity of commercial banks after M&A in Vietnam according to Moreover, after restructuring, new commercial banks were formed, Camels criteria in the past time, thereby offering solutions to improve which is the result of M&A deals. But after a while, how these the financial capacity of commercial banks after M&A in Vietnam in commercial banks develop and how effective they are, it is a difficult the coming time problem that bank administrators must continue to solve. Therefore, 3. Object and scope of research the question for commercial banks after M&A is how to improve 3.1. Object of research: The thesis focuses on studying the financial capacity to maintain stability after M&A and the bank to still financial capacity of commercial banks after M&A in Vietnam operate effectively. To answer this management question, it is according to Camels criteria. necessary to have in-depth research methods and econometric 3.2. Scope of research applications in analyzing and evaluating the financial capacity of - About space: M&A activities take place on a wide scale Vietnamese commercial banks after M&A. In the world, financial including businesses, companies and credit institutions. Within the analysts have used different approaches such as: Dupont, DEA, scope of the thesis, the author only focuses on 8 typical commercial CAPM, Probit, Proxy, Logistic... to assess a bank's financial ability to banks that have participated and succeeded in M&A deals in Vietnam, see if it is secure according to the standard Moody's, First, Camels, including: SHB, HDBank, SCB, LPB, PVcombank, Sacombank, Basel or not; in which, assessing financial capacity according to Maritimebank, BIDV. The thesis does not focus on studying M&A Camels criteria is the most commonly used. Moreover, in recent years, deals of other economic organizations. there have been quite a few studies evaluating the financial capacity of - About time: The data used to implement the thesis was Vietnamese commercial banks, however, most of these studies collected over a period of 9 years from 2011-2019 starting from the approach the traditional qualitative and quantitative analysis methods. implementation of M&A deals in 2011, including available data from The scope of the study is only limited to analysis for a few state-
3 4 financial statements, annual reports of commercial banks after M&A CHAPTER 1. in Vietnam, reports of the State Bank, reports of the world bank, RESEARCH OVERVIEW AND THEORETICAL BASIS reports of the banking supervision system. ON FINANCIAL CAPACITY OF COMMERCIAL 4. Research Methods BANKS AFTER M&A The thesis uses a combination of research methods: methods of 1.1. Research overview analysis, synthesis, logical thinking; Statistical and comparative 1.1.1. Overview of research works related to the assessment of methods; Quantitative research methods. financial capacity of commercial banks 5. New contributions of the thesis The topic of financial capacity of commercial banks is a topic 6. The structure of the thesis that has been studied a lot in the world, in which there have been In addition to the introduction and conclusions, the thesis is many research works using the methods Dupont, DEA, Capm, Probit, structured into 4 chapters: Logistic... to assess the financial capacity of a commercial bank to see Chapter 1: Research overview and theoretical basis on financial if it meets Camels, Basel, Moody's, and First standards. To focus on capacity of commercial banks after M&A. the research content of the thesis, the author has studied relevant Chapter 2: Status of financial capacity of commercial banks domestic and foreign research works such as: Alli Nathan and Edwin after M&A in Vietnam according to Camels criteria. Neave (1992), R. Alton Gilbert et al (2002), Le Thi Huong (2002), Chapter 3: Evaluation of financial capacity of commercial Judijanto and Khmaladze (2003), Nguyen Thi Viet Anh (2004), Le banks after M&A in Vietnam according to Camels criteria by Logistic Dan (2004), Michelle L. Barnesa and Jose A.Lopez (2005), Pham binary regression model. Thanh Binh (2005), Frank Heid (2007), Nguyen Viet Hung (2008), Chapter 4: Solutions to improve financial capacity for Hoang Van Thang (2009), Podviezko and Ginevičius (2010), John commercial banks after M&A in Vietnam. Tatom (2011), Gupta and Aggarwal (2012), Lee et al (2012), Phan Thi Hang Nga (2013)…. 1.1.2. Overview of research works related to commercial bank M&A activities M&A activities of commercial banks have developed widely around the world, but this activity has only grown strongly in Vietnam after the project of restructuring commercial banks in the period 2011 - 2015 and the period 2016 - 2020 of the Government. Therefore, the works in the world on this issue are quite rich and diverse, but in
5 6 Vietnam so far, it is still limited by research works on M&A. bank after the M&A is a specially formed commercial bank - the main Researches related to commercial bank M&A can be summarized in result of the banking M&A deal. Through that, a commercial bank different ways as follows: Jonathan M.W & Angel.L (2008), Yener after M&A has both the characteristics of a commercial bank in Altunbaşa and David Marquésb (2008), AnthonyN. Rezitis (2008), general and the characteristics of M&A activities in particular. Elena.B& Pascal .F (2009), Bui Thanh Lam (2009), Ahmad Ismail 1.3. Theoretical basis of financial capacity of commercial (2010), Andrea .B & Giovanna.P (2012), Ioannis. A& Panayiotis P.A banks after M&A (2013), Phan Dien Vy (2013), Nguyen Thi Dieu Chi (2014), Nguyen 1.3.1. The concept of financial capacity of commercial banks Quang Minh (2015)… after M&A 1.2. Theoretical basis of commercial banks after M&A The financial capacity of commercial banks after M&A is the 1.2.1. Overview of M&A in banking activities financial ability for the bank to generate stable profits and achieve higher 1.2.1.1. The concept of M&A profit rates than before, higher than the average of the banking industry; 1.2.1.2. M&A classification for the Bank to conduct and develop business operations safely and 1.2.2. Commercial bank after M&A effectively, and at the same time affirm its position in the market. 1.2.2.1. The concept of commercial bank M&A 1.3.2. Contents of financial capacity of commercial banks Merger and Acquisition (M&A) of a commercial bank is an - Financial capacity of commercial banks represents the ability activity in which a combination or acquisition of two or more of commercial banks to create capital. commercial banks takes place through the transfer of part or all of its - Financial capacity of commercial banks is also reflected in the assets, rights and interests, obligations and legitimate interests of the ability to "use capital" of commercial banks. participating commercial banks in order to achieve the goals of each - Financial capacity shows the ability of commercial banks to bank, and at the same time create new values for the commercial bank realize profit goals in business. after conducting the M&A. - The financial capacity of commercial banks also includes the financial safety of the commercial banking system. 1.2.2.2. The benefits and limitations of commercial bank M&A 1.3.3. Assessing the financial capacity of commercial banks 1.2.2.3. Methods of carrying out M&A of commercial banks after M&A according to CAMELS criteria Voluntary negotiation, collection of shares on the stock market, 1.3.3.1. Capital Adequacy: Size of Equity, Minimum Capital tender offers, property purchases, enticing disgruntled shareholders. Adequacy Ratio (CAR), Equity/Total Assets Ratio, Financial 1.2.2.4. The concept of commercial banking after M&A Leverage, Internal Capital Generation Ratio, Reserve Capital Ratio. Commercial bank after M&A is a commercial bank formed right after banking M&A activities take place. Therefore, a commercial
7 8 1.3.3.2. Asset Quality: Loan balance/total assets, NPL ratio, CHAPTER 2. Provision expense ratio, Investment ratio Fixed assets, Non- THE STATUS OF THE FINANCIAL CAPACITY OF THE performing loan recovery capacity (NPLs), Provision ratio. COMMERCIAL BANKS AFTER M&A IN VIETNAM 1.3.3.3. Management: Earnings growth, Credit growth, Net FOLLOWING THE CAMELS CRITERIAS operating profit per employee. 2.1. Overview of M&A situation of Vietnamese commercial banks 1.3.3.4. Earnings: Return on Assets (ROA), Return on Equity (ROE), Net Interest Margin (NIM), Non Net Interest Margin (NNIM) 2.1.1. M&A situation of Vietnamese commercial banks in the 1.3.3.5. Liquidity: Deposit/Total Assets, Total Debt/Deposit, Asset period of banking restructuring after the Asian financial crisis Liquidity Ratio, Deposit Coverage Ratio, Short-Term Liquidity Ratio. (1997-2003) 1.3.3.6. Sensitivity to market risk (S - Sensitivity) 2.1.2. M&A situation of Vietnamese commercial banks in the 1.3.4. Factors affecting the financial capacity of commercial period when Vietnam joined the World Trade Organization (2004- banks after M&A 2010): Mutual share purchase and sale deals of domestic 1.3.4.1.Objectivefactors:Legalenvironment, socio-political commercial joint stock banks; Domestic joint stock commercial environment, financial market, factors of economic environment. banks sell shares to foreign banks 1.3.4.2. Subjective factors: size of equity, management capacity of 2.1.3. M&A situation of Vietnamese commercial banks in the bank administrators, size and quality of assets, bank profitability, liquidity. restructuring period of the banking system (2011-2015): Share 1.4. Experience in improving financial capacity of some commercial banks in the world and lessons learned for deals, mergers, consolidation deals, acquisitions. commercial banks in Vietnam 2.1.4. M&A situation of commercial banks in phase 2 of 1.4.1. Experience in improving financial capacity of some restructuring the banking system (2016-2020) commercial banks in the world: Experience from the US, experience 2.2. Status of financial capacity of commercial banks after from China, experience from Thailand, experience from Korea, M&A in Vietnam according to CAMELS criteria experience from Japan. 1.4.2. Lessons for Vietnamese commercial banks
9 10 Table 2.8. List of Banks after M&A used for analysis the two banks after the M&A with a financial leverage ratio that is Order Trading name Bank name Year relatively consistent with Camels' criteria. This shows that these banks have effectively used the financial leverage ratio, thereby 1 LPB Lien Viet Post Commercial Joint Stock Bank 2011 increasing the operational efficiency and safety of the bank. The 2 SCB Saigon Commercial Joint Stock Bank 2011 financial leverage ratio is too high, indicating that the bank has not 3 SHB Saigon - Hanoi Commercial Joint Stock Bank 2012 used this ratio effectively, which will lead to the risk of the bank's insolvency leading to bank bankruptcy. Meanwhile, Maritimebank 4 HDBank Ho Chi Minh City Development Commercial 2013 has a much smaller leverage ratio than Camels criterion with a Joint Stock Bank leverage factor of 6.7 times in 2015, 5.8 times in 2016 and 7.2 times 5 PVcombank Vietnam Public Commercial Joint Stock Bank 2013 better in 2017. In 2018, 2019 this coefficient is 16.17 times and 6 Sacombank Saigon Thuong Tin Commercial Joint Stock Bank 2015 15.06 times higher than Camels' regulatory framework and this shows that Maritimebank has not effectively used the financial 7 BIDV Joint Stock Commercial Bank for Investment 2015 and Development of Vietnam leverage coefficient and the bank's operational efficiency will not be optimal. BIDV had a fairly high financial leverage ratio in 2015- 8 Maritimebank Vietnam Maritime Commercial Joint Stock Bank 2015 2017 after M&A, exceeding Camels' regulatory framework, but this ratio fell below the regulated level of 8.97 times and 9.56 times in 2.2.1. Capital Adequacy 2018 and 2019. 2.2.1.1. Scale of equity: The scale of equity of commercial banks 2.2.1.3. Equity/Total Assets Ratio: The ratio of equity/total after M&A in Vietnam tends to increase gradually over the years but assets of commercial banks after M&A in Vietnam is larger than the the growth rate is not high. Among banks, BIDV and HDBank have American AIA's Camels criterion (≥ 4% - 6%). In which, HDBank, the strongest equity growth. Compared with Camels criterion, among PVcombank, LPB, Maritimebank are banks with high equity/total the commercial banks after M&A in Vietnam, there are 2 banks, Sacombank and BIDV, whose equity capital has reached the standard assets ratio, especially Maritimebank. This shows that banks > 20,000 billion, the rest are not achieved, even Even LPB, HDBank, maintain enough capital, the amount of additional capital from and PVcombank have less than 50% of the standard. business results is increasing, proving that banks are operating more 2.2.1.2. The financial leverage ratio: The financial leverage ratio effectively and safely. of most commercial banks after M&A in Vietnam tends to increase, 2.2.1.4. Minimum capital adequacy ratio (CAR): Vietnamese showing that banks are asserting their credit expansion goals. Among commercial banks after M&A have CARs all over 9%, exceeding the commercial banks after the M&A, HDBank and PVcombank are Camels' capital adequacy standards, of which Maritimebank is the
11 12 bank with the highest CAR at 24.53% in 2015 and by 2016 The bank gradually, higher in the early years after M&A. Among the banks has adjusted this coefficient to be 14.6%, in 2017 it was 19.97%. studied after the M&A, LPB, HDBank, and BIDV are the banks with However, the minimum capital adequacy ratio is at 9%, but if it is too the bad debt ratio since the M&A implementation is less than 3% high, the capital efficiency is not high. Particularly for 2019, banks according to the regulations of the State Bank of Vietnam, but that meet Basel 2 standards with the minimum capital adequacy ratio compared to Camels criteria only in 2015 was 0.88% < 1% qualified. according to Circular 41 must have a CAR> 8%, according to this SCB, SHB, Pvcombank, Sacombank, Maritimebank had a high bad standard it is difficult for banks to achieve this ratio more secure debt ratio in the early years after having just implemented M&A with because the risk is calculated according to 3 pillars including a bad rate of > 3%, which was not guaranteed according to the operational risk and market risk, but BIDV, LPB, HDBank all meet regulations of the State Bank of Vietnam and this ratio has been the requirements. approved. controlled and gradually decreased after one or two years 2.2.2. Assets quality after M&A implementation. However, this ratio is satisfactory 2.2.2.1. Loan balance/total assets: The ratio of outstanding loans according to the regulations of the State Bank of Vietnam, but to total assets of commercial banks after M&A in Vietnam tends to according to Camels criteria, it is not up to the standard. increase, except for Sacombank and SCB. Loan balance tends to 2.2.2.3. Provision expense ratio increase, which is consistent with the current stage of economic In the years of operation after the M&A, only PVcombank and development. Compared with American AIA's Camels criterion, the Sacombank have acceptable provision expense ratios according to ratio of outstanding loans to total assets is 60% and looking at the data Camel criteria, but in contrast, BIDV's provision expense ratios are table on the ratio of outstanding loans to assets of Vietnamese smaller than Camels criteria (1.5%). ). As for other banks, the ratio of commercial banks after M&A shows that the majority have the loan- provision expenses over the years after M&A has fluctuated larger or to-asset ratio is within the safety standard framework of Camels, smaller than Camels' safety framework. except for SHB and Sacombank, Lienvietpostbank in 2018, 2019; 2.2.3. Management SHB for the period 2014-2019; Sacombank; BIDV in the period 2015- 2.2.3.1. Income growth rate 2019 however this indicator is still acceptable and while Profit after tax of commercial banks after M&A in Vietnam Maritimebank has this ratio as low as 40%. fluctuated, there were differences between banks, and profit after tax 2.2.2.2. Bad debt ratio increased more strongly in 2019 with the exception of SCB. Among Banks have good credit risk management, and bad debt ratios are the banks performing M&A, BIDV and HDBank have gradually well controlled. The bad debt ratio of banks tends to decrease increased profits since the M&A date up to now and have met Camels'
13 14 standards. Lienvietpostbank, SCB, SHB are banks that carry out M&A Camel criteria, while other banks have not, this ratio is low. Banks at a time when Vietnam's economy is facing difficulties, rising with the lowest ROE ratio are SCB and PVcombank (
15 16 are SCB in 2011 and 2012; SHB in 2016 and 2017; BIDV in 2015- CHAPTER 3. 2019; HDBank, SHB, Lienvietpostbank in 2018 and 2019. Among ASSESSMENT OF THE FINANCIAL CAPACITY banks with outstanding loan/deposit ratio in the Camels bracket, OF THE COMMERCIAL BANKS AFTER M&A IN Maritimebank and PVcombank have this ratio much lower than the VIETNAM ACCORDING TO CAMELS CRITERIAS BY LOGISTIC BINARY MODEL standard. This ratio is too large and too small, which is not good for the bank's operations. 3.1. Evaluation methods 3.1.1. Overview of the binary logistic regression model 2.3. Comment on financial capacity of commercial banks 3.1.2. Dependent variable: To predict the probability that after M&A in Vietnam according to Camels criterias commercial banks after M&A will meet international standards 2.3.1. These achievements according to Camels criteria or not, call the dependent variable y = 2.3.2. Limitations NLTC (Financial capacity):NLTC = 1 if the bank meets international 2.3.3. The cause of limitations standards according to Camels criteria. NLTC = 0 if the bank does not meet international standards according to Camels criteria. 3.1.3. Independent variables: Independent variables (X1-15) are those based on which to predict whether a bank meets international standards according to Camels criteria, including: equity size; Leverage factor; equity/asset ratio; minimum capital adequacy ratio; Loan balance/total assets; Bad debt ratio; Provision expense ratio; Profit growth rate; Credit growth rate; ROA; ROE; NIM; NNIM; Deposit/Total Assets ratio; Loan/Deposit ratio. 3.2. Analyzing the results 3.2.1. Characteristics of data analysis Table 3.2. Characteristics of data analysis Unweighted Casesa N Percent Selected Cases Included in Analysis 47 100.0 Missing Cases 0 0.00 Total 47 100.0 Unselected Cases 0 0.00 Total 47 100.0 Source: Author's data analysis results
17 18 Table 3.2 shows the data characteristics included in the Logistic Table 3.8. Summary table of individual regression binary regression analysis of this study, including 47 observations, coefficients of each variable none of which were missing data, none of which were unselected. Factors Encode B Sig. 3.2.2. Result of data analysis X1: Equity size QuymoVCSH 0.005 0.044 The logistic regression results show that the variables X2: Financial leverage ratio Hesodonbay -1.411 0.008 QuymoVCSH, CAR, Noxau, ROA, ROE, Hesodonbay, VCHTS, TyleDP, NNIM have an impact on financial capacity according to X3: Equity/Total Assets ratio VCSHTS -5.796 0.009 Camels criteria. Column B in the table above is the impact coefficient X4: Minimum capital adequacy 0.078 of the independent variables, showing the impact of the independent ratio (CAR) CAR 0.227 variable on the dependent variable. From the results in the table X5: Loan balance/total assets Tyledunotaisan No impact 0.468 above, we have the following Logistic regression equation: X6: Bad debt ratio Noxau -2.447 0.031 log(Odds) = 22.296 + 0.005QuymoVCSH+ 0.227CAR- 2.447Noxau + 25.517ROA + 1.678ROE -1.411Hesodonbay - 5.796 X7: Provision expense ratio TyleDP 5.512 0.075 VCSHTS + 5.512 TyleDP + 6.357 NNIM X8: Profit growth rate Tangtruongloinhuan No impact 0.965 Looking at the Logistic regression equation, the significance of X9: Credit growth rate Tangtruongtindung No impact 0.357 the Logistic regression coefficients can be interpreted as follows: X10: Return on Assets (ROA) ROA 25.517 0.036 Equity size (QuymoVCSH), CAR, ROA, ROE, Provision ratio (TyleDP), NNIM have a positive impact on financial strength meeting X11: Return on Equity (ROE) ROE 1.678 0.065 Camels criteria, while NPL variables (Noxau), Leverage X12: Net Interest Margin (NIM) NIM No impact 0.480 (Hesodonbay), Equity ratio (VCSHTS) have a negative impact on X13: Non Net Interest Margin (NNIM) NNIM 6.357 0.057 financial capacity meeting international standards according to Camels criteria. X14: Deposit/total assets ratio Tyletgtaisan No impact 0.211 X15: Loan/deposit ratio Tyledunotiengui No impact 0.477 Source: Synthesis of Logistic regression results on SPSS25.0 software Through an overview of the theoretical basis of the financial capacity of commercial banks, the author summarizes and provides 15 independent variables (15 indicators) that affect the dependent variable which is the financial capacity of commercial banks after
19 20 M&A in Vietnam include: Equity size, Financial leverage ratio, CHAPTER 4. Equity/total assets ratio, CAR, Loan balance/total assets, Bad debt SOLUTIONS TO IMPROVE FINANCIAL CAPACITY ratio, Profit growth rate, Credit growth rate, Provision expense ratio, FOR COMMERCIAL BANKS AFTER M&A IN VIETNAM ROA, ROE, NIM, NNIM, Deposit/total assets ratio, Loan/deposit ratio. Logistic regression analysis results show that there are 9/15 4.1. Viewpoints and orientations to improve the financial statistically significant variables that have an impact on the bank's capacity for commercial banks after M&A in Vietnam financial capacity as assessed by Camels criteria, including: Equity size; Equity/total assets ratio, CAR, Bad debt ratio, NNIM, 4.1.1. Orientation to improve financial capacity for commercial Provision expense ratio, ROA, ROE, Financial leverage ratio. The banks after M&A in Vietnam remaining 6 variables that are not statistically significant are 4.1.2. Orientations to improve the financial capacity for excluded from the model. commercial banks after M&A in Vietnam 4.2. Solutions to improve financial capacity for commercial banks after M&A in Vietnam 4.2.1. Increase equity size and improve capital adequacy ratio (CAR) - It is necessary to have the right perception in the view of increasing equity. - The increase in the bank's equity needs to be done according to the schedule, avoiding the sudden increase in capital as was the case at many banks in the past. The option to increase capital for commercial banks after M&A can be selected as: + Increase capital based on accumulated profits, + Increase capital from existing shareholders, + Increase capital through the issuance of shares to the public, + Attract capital from foreign investors, + Continue to carry out acquisitions or mergers with other commercial banks.
21 22 4.2.2. Improving the management capacity - Continue to develop and streamline the nationwide ATM - Realizing the importance of governance. and POS network to ensure efficiency and better meet the needs of - Actively apply a risk management model in line with the market. international standards. - Encourage cooperation in a healthy competitive relationship - Completing the risk management model. between banks and financial technology organizations (Fintech), non- banks and microfinance institutions. - Improving the policy and process of risk management. - Developing many value-added services on the banking service 4.2.3. Enhancing liquidity supply channel from bank cards. - Improve the organization and management of liquidity. - Continuing to invest in infrastructure, strongly develop - Commercial banks after M&A must develop a unified liquidity electronic payment methods such as online banking; payment via risk management strategy for the whole system. internet, mobile phone. - Commercial banks after M&A must develop and issue internal 4.2.7. Development and application of science and technology regulations on solvency management with currencies such as VND, in the banking industry. USD, EURO, GBP. - Approaching the application of science and technology under 4.2.4. Improving credit quality the influence of the industrial revolution 4.0 in the operation of the - Handling bad debts. banking industry - Strengthening measures to prevent credit risks. - Focus on developing science and technology 4.2.5. Improving the quality of human resources 4.3. Recommendations - Improving the quality of recruitment and re-training of 4.3.1. Recommendations to the State Bank employees in the bank. 4.3.2. Recommendations to the Government and State - Improving the quality of management staff. management agencies - Raising awareness about professional ethics of officers and 4.4. Limitations of the study and directions for future research employees of the bank. 4.2.6. Expanding and diversifying banking services - Reasonable expansion of the traditional channel network in combination with promoting the development of modern banking transaction channels (E-banking, mobile banking, internet banking...) through the application of technical advances.
23 24 CONCLUSION theoretical foundation as well as the practical operation of commercial banks after M&A in Vietnam. The financial capacity of a commercial bank plays an extremely However, in the research process, the thesis is not immune to important role in the growth of a bank. The more secured the financial shortcomings. The author is looking forward to your comments and capacity of a commercial bank, the lower the risk level in banking corrections so that the author can continue to improve and draw activities and the higher the competitiveness of commercial banks in lessons for future research. the market. On the basis of applying synthesis of research methods, summarizing practice, sticking to the objectives and scope of the research, the thesis has solved some basic problems as follows: Firstly, systematizing the theories about commercial banks after M&A and financial capacity of commercial banks after M&A; Second, analyzing and evaluating the current situation of financial capacity of Vietnamese commercial banks after M&A in the period 2011-2019 according to Camels criteria to see if it meets international standards or not. Third, through an overview of the theoretical basis, the thesis has summarized and given 15 criteria to evaluate the financial capacity of Vietnamese commercial banks after M&A.Then the thesis used Logistic binary regression model to evaluate. The test results show that out of 15 indicators, only 9 are statistically significant, showing the impact on the bank's financial capacity, and the remaining 6 are not statistically significant and removed. Fourth, on the basis of the results of analyzing the current situation of financial capacity of commercial banks after M&A in Vietnam and the results of assessing the financial capacity of commercial banks after M&A in Vietnam by Logistic binary regression model, the thesis proposes solutions and recommendations to improve the financial capacity of commercial banks after M&A in the near future. These solutions are built on the
LIST OF WORKS BY AUTHOR TO DISCLOSURE 1. Nguyen Thi Van (2018), "Talking about human resources after M&A in the banking sector", Financial and Monetary Market Magazine, No. 12(501), pp. 26-28. 2. Nguyen Thi Van (2018), "Looking back on the M&A journey of commercial banks in Vietnam", Industry and Trade Magazine, Issue 11 - August 2018, pp. 461-467. 3. Nguyen Thi Bich Vuong, Nguyen Thi Van (2018), "Preventing and combating high-tech crimes in banking card transactions and e-banking", Proceedings of the National Scientific Conference: Industrial Revolution 4.0 and innovations in the field of Finance - Banking, National Economics University Publishing House, pp. 153-165. 4. Nguyen Thi Van (2019), "Talking about human resources after M&A in the banking sector", Journal of Monetary and Financial Markets, Issue 12/2018, pp. 26-28. 5. Nguyen Thi Van (2021), "Application of Logistic binary model to assess financial capacity of commercial banks after M&A in Vietnam", Journal of Economics and Forecasting, No. 24, August/ 2021, pp.3-6.