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Banking sector's assets climb

Update: January, 09/2015 - 08:39

The country's credit institutions was up 1.67 per cent in November-end from the previous month.— Photo seatimes

HA NOI (VNS) — Latest data from the State Bank of Viet Nam revealed that the total assets of the country's credit institutions was up 1.67 per cent in November-end from the previous month.

The assets was pegged at more than VND6,277.9 trillion (US$291.99 billion), at the end of November in 2014, the central bank reported.

Compared with December 2013, the total assets rose to VND522.035 trillion ($24.28 billion) or 8.12 per cent, data showed.

During the month, the assets of all State-owned, joint venture and joint stock commercial banks, as well as People's credit funds, financial and leasing companies had expanded, of which joint venture banks reported the highest growth rate of 3.41 per cent month-on-month to VND714.699 trillion ($33.241 billion).

State-owned commercial banks also reported a 1.36 per cent rise to VND2,749 trillion ($127.86 billion) and the increasing figure of joint stock commercial banks was 1.55 per cent to VND2,664.878 trillion ($123.947 billion).

The equity for the entire banking industry also jumped by VND1.845 trillion ($85.81 million) to VND499.081 trillion ($23.21 billion) by the end of November. The appreciation was mainly due to a VND1.843 trillion ($85.72 million) increase in the equity of joint stock commercial banks.

Charter capital for the entire banking sector also inched up VND44 billion ($2.04 million) to VND435.287 trillion ($20.245 billion) by the end of November after a decline of VND298 billion ($13.86 million) in October.

Though the loan-to-deposit ratio (LTD) and the ratio of short-term capital for medium- and long-term loans by the end of November stood at 83.63 per cent and 19.66 per cent, respectively, the central bank said it will still remain within allowable limits.

The capital adequacy ratio (CAR) of the banking system by the end of November was also reported to be 13.05 per cent. — VNS

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