According to the latest statistics published by the State Bank of Vietnam (SBV), by the end of January 2019, due to the decline in private, joint-venture and foreign banks, the equity of the entire credit system decreased by 0.69 percent (equivalent to 5.523 trillion dong) to 800.633 trillion dong in January 2019.
Specifically, equity of private joint stock commercial banks decreased by 8.176 trillion dong to 330.007 trillion dong (down 2.42 percent). Charter capital of joint-venture and foreign banks decreased by 1.231 trillion dong (0.76 percent) to 161.633 trillion dong.
Equity of seven state-owned commercial banks increased slightly by 1.07 percent to 271.472 trillion dong. Meanwhile, equity of financial companies increased the most (by 3.1 percent) to 33.575 trillion dong.
Total assets of the system as at 31 January 2019 reached 11.127 quadrillion dong, an increase of 0.57 percent, equivalent to 63.097 trillion dong. In particular, the total assets of state-owned commercial banks reached nearly 4.87 quadrillion dong, accounting for the highest proportion in the whole system (43.76 percent), followed by joint-stock commercial banks with total assets of nearly 4.59 quadrillion dong (41.22 percent); foreign joint-venture banks, 1.16 quadrillion dong (10.43 percent).
According to SBV’s statistics, the capital adequacy ratio of the entire system at the end of January 2019 was 11.57 percent, down from 12.14 percent at the beginning of the year. In which, CAR of state-owned commercial banks declined from 9.52 percent to 9.31 percent, only slightly higher than the prescribed level; joint-stock commercial banks fell from 11.24 percent to 10.56 percent; joint-venture and foreign banks dropped from 25.88 percent to 23.53 percent. Meanwhile, CAR of finance and leasing companies increased slightly from 19.47 percent to 19.68 percent.
For the ratio of short-term capital for medium and long-term loans, both two groups of banks have brought back below 40 percent as prescribed. Specifically, the state-owned banking group is 31.56 percent and private banks are 32.94 percent.
