Total assets of credit organisations decrease 0.44pct

24-Mar-2016 Intellasia | Vietstock | 6:00 AM Print This Post

As of the end of January 2016, total assets of credit organisations decreased 0.44 percent from the beginning of the year, reaching more than 7,287 trillion dong.

Of which, the sharpest decrease was the total assets of the system of state-owned commercial banks with one percent decrease to over 3,270 trillion dong. Joint stock commercial banks also reduced the total assets by 0.17 percent from the beginning of the year, touching more than 2,923 trillion dong.

Conversely, the total assets of joint-venture banks, foreign banks swelled 0.33 percent to 758.045 trillion dong, while finance companies/financial leasing companies also hiked 2.71 percent to 90.222 trillion dong.

The charter capital of entire system of credit organisations improved slightly 0.02 percent from the beginning of the year to 460.390 trillion dong, mainly from joint stock commercial banks and people’s credit funds.

The proportion of short-term capital for medium and long term loans across the system was 31.39 percent, in which, this rate at state-owned commercial banks and joint stock banks hit around 35 percent, compared to 70 percent in financial/financial leasing companies.

By the end of January 2016, the credit to deposit ratio across the system was 89.31 percent, in which, the highest level was financial/financial leasing companies with 368 percent, cooperation credit institutions with 106 percent, while that in state-owned commercial banks was 99.11 percent and joint stock commercial banks was 79.05 percent.


Category: Finance, Vietnam

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