Total assets of banks are increasing sharply

14-Nov-2014 Intellasia | Infonet | 6:00 AM Print This Post

As per the statistics of the State Bank of Vietnam (SBV), the operating situation of credit organisations are in the most positive trend over the last many months with key indexes growing impressively.

Specifically, as of September 30, the total assets of the whole system rose 6.12 percent to more than 6,160 trillion dong. This number increased by 95.464 trillion dong from the end of August and was the highest level ever.

Of which, the total assets of the group of state-owned commercial banks were more than 2,710 trillion dong, up 8.53 percent from the end of 2013 and up 58.588 trillion dong from the end of August.

The assets of the group of joint stock commercial banks rose 5.66 percent from the end of 2013, reaching nearly 2,600 trillion dong. Compared to the end of August, the assets of this group hiked nearly 31 trillion dong.

The total assets of the group of joint venture and foreign banks decreased slightly by nearly one percent from the end of 2013 to 698.44 trillion dong and the total assets of financial leasing companies fell 3.7 percent to more than 63 trillion dong.

The equity of banks swelled 3.4 percent in the first nine months of the year, touching over 496.3 trillion dong. Of which, the equity of the group of joint venture and foreign banks surged 7.94 percent to nearly 108.2 trillion dong.

The equity of domestic joint stock commercial banks over the last period improved more than three percent to nearly 202.4 trillion dong.

The equity of state-owned commercial banks rose only 1.03 percent to 168.29 trillion dong.

In nine months, the chartered capital of credit organisations grew well with 3.27 percent, reaching a total of 435.54 trillion dong. Of which, the chartered capital of state-owned commercial banks was more than 134 trillion dong and that of joint stock commercial banks was nearly 191 trillion dong.

The capital adequacy ratio of credit organisations as of the end of September was 13.43 percent, much higher than the regulation of the State Bank.

 


Category: Finance, Vietnam

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