Total assets for the banking industry reached 5,225 trillion VND(237.51 billion USD) by the end of May, the highest level since theState Bank of Vietnam (SBV) decided to disclose the figure in June 2012.
Banking assets were up 41.5 trillion VND against the previous month, the SBV reported.
The SBV, however, noted that only State-owned banks, joint-venturesand foreign banks saw a rise in assets, of which state-owned bankscontributed 45.35 trillion VND and foreign banks, 132 billion VND.
Total assets for joint stock commercial banks were down 34 billionVND, while those of financial leasing and finance companies were downmore than 3.1 trillion VND.
Compared to last year’s figures,total assets for the banking industry surged to nearly 140 trillion VNDor 2.74 percent. With the exception of financial leasing and financecompanies, all other credit institutions saw a rise in total assets,with nearly 64 trillion VND coming from state-owned banks, 54 trillionVND from joint venture and foreign banks and more than 22.5 trillion VNDfrom joint stock commercial banks.
By the end of May,equity for the banking industry grew by 18.3 trillion VND against theprevious month’s figure of 437.3 trillion VND following a decline of 7trillion VND in April. State owned banks saw the highest rise in equityfrom 17.2 trillion VND to 153 trillion VND, while joint-stock commercialbanks recorded the largest decline in equity at 6.9 trillion VND.
By May’s end, charter capital for the banking industry rose by nearly6.4 trillion VND from the previous month to 400 trillion VND.
The SBV’s data also showed that the loan-to-deposit ratio (LTD) for thebanking industry by the end of May fell 12.56 percent against theprevious month, with the capital adequacy ratio (CAR) was 14.25percent.-VNA.