The performance of credit institutions has shown improvement, with their total assets increasing after a sharp drop in January.
According to the State Bank of Vietnam's (SBV's) latest report, the total assets of the credit institution system amounted to more than 6,449 trillion VND (297 billion USD) by the end of March, up 58.849 trillion VND (2.71 billion USD) against the end of February.
However, if compared with the end of 2014, the total assets still declined 1.01 percent.
The total charter capital of the system also inched up 0.31 percent to 436.998 trillion VND (20.1 billion USD), while the total equity capital rose 5.4 percent to 523.779 trillion VND (24.1 billion USD).
The system showed a return on equity of 6.43 percent, up 0.94 percent from the end of 2014. The respective figures were at 8.2 percent for State-owned commercial banks, 5.6 percent for joint-stock commercial banks, 4.29 percent for foreign and joint venture banks and 10.25 percent for financial leasing companies, all rising from the end of 2014.
The system's return on assets reached 0.57 percent, up 0.06 percent from the end of 2014.
The capital adequacy ratio (CAR) of the system also increased to 13.46 percent, up from 13.42 percent at the end of February and 12.75 percent at the end of 2014. The CAR allowed by the central bank is only 9 percent.
By the end of March 2015, the system's ratio of short-term capital used for medium- and long-term loans was 25.47 percent.-VNA
