The health of credit institutions improved significantly in March, withthe value of their assets registering a sharp increase over February tomore than 123.4 trillion VND (5.8 billion USD).
The 2.17 percentincrease is a marked improvement after a negative growth in February,according to the latest report from the State Bank of Vietnam.
Thereport says that total assets of State-owned commercial banks surged toover 70 trillion VND (3.18 billion USD), and those of joint stockcommercial banks rose to 55.8 trillion VND (2.536 billion USD).
TheMarch figures have pushed up the total asset value of the entirebanking system in the first quarter by 0.91 percent over December lastyear to more than 5,800 trillion VND (263.636 billion USD), the centralbank's data shows.
The total assets of State-owned commercialbanks, joint venture banks and foreign banks increased by 0.83 percentand 4.45 percent, to more than 2,520 trillion VND (114.545 billion USD)and 736.29 trillion VND (33.467 billion USD), respectively, while thoseof joint stock commercial banks were more than 2,460 trillion VND(111.818 billion USD), down 0.06 percent, the report added.
Totalassets of finance companies and financial leasing companies, and thenation's sole co-operative bank in Q1 also reached 66 trillion VND (3billion USD) and 18.43 trillion VND (837.72 million USD), up 1.13percent and 7.26 percent. By the end of the first quarter, the equitycapital of the banking system was nearly 470 trillion VND (21.363billion USD), up 0.64 percent against December last year.
However, the equity capital of State-owned commercial banks and joint stock commercial banks declined.
Thecentral bank also reported that the returns on assets (ROA) ratio ofthe system last year was 0.5 percent, while returns on equity (ROE) was5.56 percent, much lower than 0.79 percent and 10.34 percent in 2012respectively.
The State-owned commercial banks, joint stockcommercial banks and the cooperative bank led the system in terms of ROAranging between 0.65 percent and 0.71 percent while the State-ownedcommercial banks topped the ROE ranking with 8.1 percent.-VNA
The 2.17 percentincrease is a marked improvement after a negative growth in February,according to the latest report from the State Bank of Vietnam.
Thereport says that total assets of State-owned commercial banks surged toover 70 trillion VND (3.18 billion USD), and those of joint stockcommercial banks rose to 55.8 trillion VND (2.536 billion USD).
TheMarch figures have pushed up the total asset value of the entirebanking system in the first quarter by 0.91 percent over December lastyear to more than 5,800 trillion VND (263.636 billion USD), the centralbank's data shows.
The total assets of State-owned commercialbanks, joint venture banks and foreign banks increased by 0.83 percentand 4.45 percent, to more than 2,520 trillion VND (114.545 billion USD)and 736.29 trillion VND (33.467 billion USD), respectively, while thoseof joint stock commercial banks were more than 2,460 trillion VND(111.818 billion USD), down 0.06 percent, the report added.
Totalassets of finance companies and financial leasing companies, and thenation's sole co-operative bank in Q1 also reached 66 trillion VND (3billion USD) and 18.43 trillion VND (837.72 million USD), up 1.13percent and 7.26 percent. By the end of the first quarter, the equitycapital of the banking system was nearly 470 trillion VND (21.363billion USD), up 0.64 percent against December last year.
However, the equity capital of State-owned commercial banks and joint stock commercial banks declined.
Thecentral bank also reported that the returns on assets (ROA) ratio ofthe system last year was 0.5 percent, while returns on equity (ROE) was5.56 percent, much lower than 0.79 percent and 10.34 percent in 2012respectively.
The State-owned commercial banks, joint stockcommercial banks and the cooperative bank led the system in terms of ROAranging between 0.65 percent and 0.71 percent while the State-ownedcommercial banks topped the ROE ranking with 8.1 percent.-VNA
