The total assets of banks in the country at the end of January declined by 1.04 percent against the end of 2013 to reach 5,696 trillion VND (258.9 billion USD).
According to the State Bank of Vietnam's data, the State-owned commercial banks reported the highest decrease in assets of 2.21 percent. The joint stock commercial banks followed with a drop of 0.97 percent and the group of finance companies and financial leasing companies was down by 0.41 percent.
However, the group of joint venture and foreign banks reported a rise of 2.64 percent in its total assets.
Despite the asset reduction, the equity and charter capital of the banking sector kept rising at rates of 1.52 percent and 0.63 percent to reach 474.024 trillion VND (21.546 billion USD), and 426.651 trillion VND (19.393 billion USD), respectively.
According to the central bank's data, for the first time the group of joint venture and foreign banks posted the strongest growth in terms of the total assets compared to the State-owned commercial banks last year.
According to the data, at the end of December 2013, joint venture and foreign banks saw an asset growth of 26.92 percent from the end of December 2012, marking an impressive figure compared to the previous years.
Meanwhile, the total assets of State-owned commercial banks last year increased by 13.77 percent and joint stock commercial banks by 14.8 percent.
The group of finance companies and financial leasing companies continued to have a difficult period with a negative ratio of 57.76 percent in terms of the total assets as against December 2012.-VNA
According to the State Bank of Vietnam's data, the State-owned commercial banks reported the highest decrease in assets of 2.21 percent. The joint stock commercial banks followed with a drop of 0.97 percent and the group of finance companies and financial leasing companies was down by 0.41 percent.
However, the group of joint venture and foreign banks reported a rise of 2.64 percent in its total assets.
Despite the asset reduction, the equity and charter capital of the banking sector kept rising at rates of 1.52 percent and 0.63 percent to reach 474.024 trillion VND (21.546 billion USD), and 426.651 trillion VND (19.393 billion USD), respectively.
According to the central bank's data, for the first time the group of joint venture and foreign banks posted the strongest growth in terms of the total assets compared to the State-owned commercial banks last year.
According to the data, at the end of December 2013, joint venture and foreign banks saw an asset growth of 26.92 percent from the end of December 2012, marking an impressive figure compared to the previous years.
Meanwhile, the total assets of State-owned commercial banks last year increased by 13.77 percent and joint stock commercial banks by 14.8 percent.
The group of finance companies and financial leasing companies continued to have a difficult period with a negative ratio of 57.76 percent in terms of the total assets as against December 2012.-VNA
