Latest data from the State Bank of Vietnam revealed that the total assets of the country's credit institutions was up 1.67 percent in November-end from the previous month.

The assets was pegged at more than 6,277.9 trillion VND (291.99 billion USD), at the end of November in 2014, the central bank reported.

Compared with December 2013, the total assets rose to 522.035 trillion VND (24.28 billion USD) or 8.12 percent, 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 percent month-on-month to 714.699 trillion VND (33.241 billion USD).

State-owned commercial banks also reported a 1.36 percent rise to 2,749 trillion VND (127.86 billion USD) and the increasing figure of joint stock commercial banks was 1.55 percent to 2,664.878 trillion VND (123.947 billion USD).

The equity for the entire banking industry also jumped by 1.845 trillion VND (85.81 million USD) to 499.081 trillion VND (23.21 billion USD) by the end of November. The appreciation was mainly due to a 1.843 trillion VND (85.72 million USD) increase in the equity of joint stock commercial banks.

Charter capital for the entire banking sector also inched up 44 billion VND (2.04 million USD) to 435.287 trillion VND (20.245 billion USD) by the end of November after a decline of 298 billion VND (13.86 million USD) 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 percent and 19.66 percent, 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 percent.-VNA