The combined equity of all lenders in the domestic banking system reached nearly 580.3 trillion VND (25.8 billion USD) ending January, an increase of 2.3 trillion VND over the end of 2015.
Banks' equity increased, but their asset value was down in January. (Photo: hanoimoi.com.vn)
Hanoi (VNA)🦄 - The combined equity of all lenders in the domestic banking system reached nearly 580.3 trillion VND (25.8 billion USD) ending January, an increase of 2.3 trillion VND over the end of 2015.
The Thoi bao Ngan hang (The Banking Times) reported the figures, citing the latest data of the State Bank of Vietnam (SBV).
The increase was mainly thanks to joint ventures and foreign banks, whose equity rose by 2.5 trillion VND to 119.7 trillion VND, and State-run commercial banks, whose equity expanded by 1 trillion VND to 204.3 trillion VND.
Meanwhile, the equity of joint stock commercial banks was down 1.6 trillion VND to 234.8 trillion VND.
However, total assets of the lenders touched nearly 7.3 quadrillion VND on January 31, 2016, a decrease of 32.3 trillion VND over the end of 2015.
The decrease was due to the decline in the assets of State-run commercial banks and joint stock commercial banks, the two groups of lenders that have the largest asset values in the banking system.
In January, State-run commercial banks saw a decline of one per cent in total assets, and joint stock commercial banks witnessed a fall of 0.17 percent.
Joint venture and foreign banks registered a 0.33 percent rise in total assets, and financial companies and finance lease firms posted an increase of 2.71 percent.
At the end of January, the capital adequacy ratio (CAR) of the banking system reached 12.86 percent, down slightly from the 13 percent recorded at the end of 2015, but significantly higher than the secure level of 9 percent stipulated by the SBV.-VNA
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Banks' equity increased, but their asset value was down in January. (Photo: hanoimoi.com.vn)
