Bank assets surge $1.2b in February

Bank assets surge $1.2b in February

After a decline in the first month of the year, domestic banks are recovering and registered an increase in assets, according to the State Bank of Viet Nam (SBV).

SBV's data showed that total assets of the whole banking industry by the end of February surged by nearly VND26 trillion (US$1.238 billion) against the previous month to VND5,009.7 trillion ($238.557 billion).

Among the total, assets of State-owned commercial banks surged by more than VND20.5 trillion while rising asset figures for joint stock commercial banks and co-operative credit institutions amounted to VND4.7 trillion and VND1.9 trillion respectively.

However, total assets were still about VND76 trillion lower than that at the end of December last year, of which State-owned commercial banks and joint stock commercial banks accounted for a decline of VND63 trillion and VND26.5 trillion respectively.

Equity for the entire banking industry rose by VND4.9 trillion month-on-month to VND413.5 trillion by the end of February. The equity of commercial banks rose sharply in February by VND3 trillion while commercial joint-stock banks saw an increase of VND1.15 trillion.

The equity of finance and leasing companies also surged by VND550 billion. Charter capital for the whole sector changed slightly during the period, rising by VND10 billion from the end of January to VND392.769 trillion.

The loan-to-deposit ratio (LTD) was at 88.43 per cent, down from 89.52 per cent at the end of January. The capital adequacy ratio (CAR) for the sector stood at 13.55 per cent by the end of February. The ratio was down to 13.03 per cent for commercial joint stock banks and up for other lenders.

The return on equity (ROE) and return on assets (ROA) for the local banking sector were at 6.31 per cent and 0.62 per cent respectively.

vietnamnews