Value of banking assets touch $340bn
Value of banking assets touch $340bn
The total assets of commercial banks rose 4.26 per cent to touch VND7,630 trillion (US$340.62 billion) by the end of May against the end of last year.
According to the latest statistics provided by the State Bank of Viet Nam (SBV), the assets also increased by VND104 trillion, as compared with the previous month.
All commercial banks, except social policy banks, witnessed an increase in assets. Among them, state-owned commercial banks posted the largest increase of VND58.6 trillion, with their assets valued at VND3,400 trillion.
Joint-stock commercial banks came second, reporting an increase of VND32 trillion to reach VND3,000 trillion in assets by the end of May.
Only social policy banks saw a marginal decline of VND1.2 trillion in assets in the period.
The central banks also reported that the charter capital of the entire banking system rose by 2.93 per cent against the end of last year to touch nearly VND595 trillion.
The capital adequacy ratio (CAR) of the banking system reportedly reached 12.68 per cent by the end of May, down marginally from 12.76 per cent at the end of April, but significantly higher than the secure level of nine per cent stipulated by the central bank.
The ratio of short-term funds to medium and long-term loans at the end of May marginally rose to reach 31.42 per cent from 31.22 per cent in April.
