Economy
Caution arises as State divestment strategy potentially poses risks
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| Total assets of banks in Việt Nam by the end of last year reached VNĐ10 quadrillion (US$440.5 billion). — Photo baodauthau.vn |
Viet Nam News
HÀ NỘI — Total assets of banks in Việt Nam by the end of last year surged 17.62 per cent against 2016 to VNĐ10 quadrillion (US$440.5 billion).
This was revealed in the latest report of State Bank of Việt Nam.
Of the total assets, State-owned banks made VNĐ4.57 quadrillion, increasing by 18.34 per cent and accounting for 45.7 per cent of the banks’ total assets. The figure for joint stock commercial banks was VNĐ4.02 quadrillion, up 17.69 per cent, while it was VNĐ954 trillion for joint venture banks and wholly foreign-owned banks, up 15.19 per cent.
Notably, last year saw the assets of financial and financial leasing companies surge sharply by 24.7 per cent to VNĐ141.9 trillion.
Besides the assets increase, equity capital and charter capital of banks also rosed by 11.64 per cent and 4.91 per cent to VNĐ714 trillion and VNĐ512 trillion, respectively.
The charter capital of State-owned commercial banks last year inched up 0.82 per cent to VNĐ147.77 trillion, while that of joint stock commercial banks reached VNĐ214.79 trillion, up 6.94 per cent.
With regards to the capital adequacy ratio (CAR), all credit institutions mentioned above have CAR at above the 9 per cent limit, of which the ratio at State-owned banks was 9.52 per cent and joint stock commercial banks was 11.47 per cent.
The short-term capital for mid- and long-term lending ratio at State-owned banks was reported at 33.44 per cent, while it was 34.47 per cent for joint stock commercial banks and 48.81 per cent for financial leasing companies. — VNS
