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Little growth in bank capital, assets during first quarter

Update: May, 25/2013 - 09:35

HA NOI (VNS)— Assets and capital owned by lending institutions showed little progress in the first quarter, although the data in March improved significantly compared with the previous month.

This was reported by financial website, citing sources from the State Bank of Viet Nam.

In March, the total asset value of all institutions increased nearly VND137 trillion (US$6.5 billion) over February. It was up VND60.8 trillion ($2.9 billion) over the end of last year.

Assets of State-owned commercial banks added about VND64.6 trillion ($3.1 billion) in March to reach VND2,200 trillion ($104.8 billion), but this value rose by only VND1.4 trillion ($66.7 million) from last December's figure.

Assets of joint stock commercial banks rose sharply in March by VND42.9 trillion ($2 billion), but increased only VND16.4 trillion ($781 million) in the first quarter, reaching about VND2,180 trillion ($103.8 billion) on March 31.

Central credit funds and joint-venture banks posted high asset-value growth rates in the quarter at 10 per cent and 7.3 per cent, respectively, but with small market shares, they couldn't help drive up total assets of the whole banking system.

Total equities of lending institutions slumped more than VND10.7 trillion ($501 million) in the first quarter, although their combined ownership capital went up VND1.7 trillion ($81 million) in March.

Equities of joint stock banks alone dropped by VND10.3 trillion ($490.5 million), making up 96 per cent of the total decline. Only joint-venture banks witnessed ownership capital rise by VND2.4 trillion ($114.3 million) in the quarter.

Last year, the return on assets (ROA) ratio of the whole system reached 0.48 per cent and the return on equity (ROE) reached 3.97 per cent.

The profitability indicators were 0.76 per cent and 11.37 per cent for State-run banks and 0.22 per cent and 1.36 per cent for joint stock banks, respectively.

For financial companies, the indicators declined 0.48 per cent and 3.97 per cent, respectively. — VNS

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