The State Bank of Vietnam (SBV) has announced some basic indicators in operation of credit institutions (CIs) by the end of April 2019.
Accordingly, as of April 30th 2019, the total assets of the entire system reached 11,214 trillion dong, up by 1.36 percent compared to the end of 2018.
In particular, the total assets of state-owned banks (including Commercial Joint Stock Bank for Agriculture and Rural Development (Agribank), Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank), Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank), Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV), Vietnam Construction Bank, Global Petro Commercial Bank and Ocean Commercial Bank) reached more than 4,900 trillion dong, accounting for up to 44 percent of the total assets of the system.
However, the asset growth rate of this group was only 1.37 percent, lower than that of private joint stock banks which was 1.64 percent (reaching more than 4,600 trillion dong).
Meanwhile, the total assets of joint venture, 100 percent foreign-owned banks and foreign banks’ branches in the first four months of the year tended to sharply fall to 1,120 trillion dong, accounting for 1.03 percent of the total assets.
The assets of Vietnam Bank for Social Policies and People’s Credit Funds recorded a growth rate of respectively 4.55 percent and 4.51 percent.
Data published by the SBV also pointed out that after declining slightly in the first month of the year, the equity of the entire system by the end of April 2019 also recorded a rebound to nearly 851.8 trillion dong (equivalent to an increase of 5.66 percent over the beginning of the year).
In particular, the equity increase of state-owned banks was 5.06 percent, reaching nearly 283 trillion dong, while that of private joint stock banks and finance and financial leasing companies were respectively 4.18 percent and 11.52 percent, respectively reaching 352.3 trillion dong and more than 36.3 trillion dong.
The equity of Cooperative Bank slightly declined by 0.17 percent compared to the beginning of the year to 3.9 trillion dong.
Considering charter capital, the People’s Credit Funds recorded the strongest increase in the first four months of the year with 3.72 percent, reaching 4.5 trillion dong; followed by joint venture and foreign banks with 2.76 percent.
The charter capital of state-owned banks in the same period only inched up by 0.75 percent to 149 trillion dong, after the Vietcombank’s sale of stake to foreign investor.
Meanwhile, the charter capital of private joint stock banks also slightly increased by 0.61 percent to nearly 269 trillion dong.
The charter capital increased also helped improve the Capital Adequacy Ratio (CAR) of banks. Accordingly, by the end of April, the CAR of the entire system was 12.19 percent, slightly up compared to the 12.14 percent posted in the end of 2018.
In which, the CAR of state-owned banks stood at 9.61 percent, the lowest level in the system although it was improved slightly compared to the 9.52 percent recorded in the end of last year.
The CAR of joint stock banks decreased from 11.24 percent to 11.1 percent, while the CAR of joint venture, foreign banks and foreign banks’ branches continued to be the highest, reaching 25.9 percent.
The ratio of short-term capital used for medium and long-term lending of the whole system continued to fall to 28.01 percent. In particular, this ratio of state-owned banks was 30.99 percent and of private joint stock banks was 31.52 percent; while it was 29.43 percent at finance and financial leasing companies.
There was no value on the use of short-term capital for medium and long-term lending at joint venture, foreign banks and foreign banks’ branches because this group does not use short-term capital for medium and long-term loans.
