|
Assets of banks “evaporate”
In September, the total assets of state-owned banks fell from VND2,075 trillion ($103.75 billion) at the end of August to VND2,069 trillion ($103.45 billion).
According to the State Bank of Vietnam, in the January-September period, the total assets of the system of credit institutions reached more than VND4,866 trillion ($243.3 billion), down 1.89 percent from the end of 2011.
Of the 5 types of credit institutions, joint-stock banks, joint venture banks, foreign banks and financial and financial leasing companies had their assets reduced.
The group of joint stock banks had the total assets at the end of September reached VND2,102.5 trillion ($105.125 billion), down 7.06 percent from the end of 2011. Compared to VND2,224.6 trillion ($111.23 billion) of August, this number decreased by approximately 5.5 percent.
Joint venture banks and foreign banks reached VND521,848 billion ($26.09 billion), down 4.56 percent from the end of 2011. The total assets of financial leasing companies also declined up to 6.07 percent.
In contrast, by the end of the third quarter, the state-owned commercial banks continued growing with total assets of more than VND2,069.1 trillion ($103.455 billion), up 5.05 percent from last year but down slightly from VND2,075.4 trillion ($103.77 billion) at the end of August.
Chartered capital of credit institutions increased from VND372.8 trillion ($18.64 billion) on April 30 to VND386.1 trillion ($19.3 billion) at the end of September, equivalent to an increase of 3.57 percent. Compared with the end of 2011, this figure rose by 9.53 percent.
Chartered capital of the state-owned banks compared with the end of 2011 had the strongest growth in the system, reaching 27.87 percent. Meanwhile, for the joint stock banks, capital growth rate was only 5.24 percent and it is 1.79 percent for foreign banks.
By the end of September, the equity capital of credit institutions reached VND413.4 trillion, up 5.76 percent from the end of 2011. However, this number decreased significantly from May 30 to VND433.5 trillion.
The minimum capital adequacy ratio of the entire system continues to remain at over 14 percent, higher than the level prescribed by the State Bank of 9 percent.
vietnamnet
|
