In the afternoon of May 4, after the monthly regular government meeting, the minister, Chair of the government Office and government spokesman Mai Tien Dung chaired the press conference. At the meeting, the representative of the State Bank of Vietnam (SBV), deputy Governor Dao Minh Tu answered the press question about the issue of increasing charter capital for state-owned commercial banks.
He said that this was also a problem that SBV had paid much attention to recently. “Four state-owned commercial banks can be said to be the main channel of the main supply function for the State’s credit capital programme and especially the key projects of the State currently were all due to these four banks’.
However, in recent years, they have had a fast credit growth rate, about 15-16 percent per year.
Meanwhile, the charter capital has not been supplemented in time in the past few years. Commercial banks have capital adequacy ratio (CAR), and this ratio must be greater than or equal to nine percent. However, this ratio at these four banks is currently at approximately nine percent, so SBV has recently submitted to the prime minister the plan to increase charter capital for these banks.
“The prime minister has met with the standing government and ministries on this issue. We are also waiting for the comments of the relevant ministries to agree. We have also proposed to use the source of dividends of commercial banks in 2018 to increase charter capital, and when the CAR increases, the credit limit for commercial banks will also increase “, the deputy Governor said.
