Domestic banks see rising assets
Domestic banks see rising assets
Domestic banks are recovering thanks to an increase in assets, according to a report from the State Bank of Viet Nam.
The total assets of the banking system reached VND4,906 trillion (US$233 billion) as of November 30 last year with an increase of VND 67.3 trillion ($3.2 billion) or 1.39 per cent compared to the previous month.
The assets of State-owned commercial banks rose by VND27.743 trillion ($1.3 billion) in one month to VND2,108 trillion ($100 billion)
Total assets of commercial joint stock banks were up by VND25.277 trillion ($1.2 billion) to VND2,106 trillion ($99 billion).
The equity of the whole banking system by late November 2012 was VND421 trillion ($20 billion), a year-on-year increase of 7.89 per cent. The equity of commercial banks rose sharply in November by VND9.512 trillion ($452million), with the emergence of finance companies and finance leasing companies.
In November last year, the assets of this group of credit institutions had increased by VND5.019 trillion ($239 million), or 82.8 increase to VND11. 078 trillion ($527 million).
The equity of commercial joint-stock banks and credit institutions remained unchanged compared to late October 2012, while the equity of State-run commercial banks rose by VND1.3 trillion and foreign and joint-venture banks by VND3,156 billion compared to the end of the previous month.
Charter capital of the whole banking system did not fluctuate significantly in November. The total capital of the entire banking system rose 9.68 per cent to VND386.620 trillion , of which the State-run commercial joint stock banks saw VND111.550 trillion , up 28.08 per cent while commercial banks saw an increase of VND172.854 trillion, up 5.24 per cent.
The minimum capital adequacy ratio (CAR) of the entire banking system now stood at 14 per cent, with credit institutions taking the lead with 37.94 per cent, followed by the joint-venture and foreign banks with 30.36 per cent.
The minimum ratio of CAR of commercial joint stock banks was 13.93 per cent and the State-owned commercial joint stock banks was 10.45 per cent.
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