Hanoi: Most of banks meet capital adequacy ratio

The State Bank of Vietnam ten out of 12 commercial banks in Hanoi met requirements on capital adequacy ratio (CAR).

The remaining two pledged to ensure the ratio on Oct. 1, in line with the requirements of Decree 141/2006/ND-CP promulgating the capital levels of credit institutions.

Six out of 12 commercial banks have also met the requirements of minimum charter capital of 3,000 billion VND.

The State Bank Governor has approved the remaining banks’ plans on raising their charter capital.

vietnamplus

>   Two Taiwanese banks open branches in Vietnam (27/09/2010)

>   Businesses bristle at high interest rates (27/09/2010)

>   Banks await decisions on chartered capital (25/09/2010)

>   Weekly Information on Banking Activities (Sep 10-16/2010) (24/09/2010)

>   ATM fee charges deemed illegal (24/09/2010)

>   Foreign diplomats evade tax on sale of used cars (24/09/2010)

>   HSBC Vietnam opens branch in Can Tho (23/09/2010)

>   Small banks have trouble with recapitalization (23/09/2010)

>   PetroVietnam loaned $1 billion for refinery (23/09/2010)

>   Vietnam, UK step up cooperation in auditing (23/09/2010)