The total assets of the banking industry reached 6,174 trillion VND(291.22 billion USD) by the end of October, according to statisticsprovided by the State Bank of Vietnam (SBV).
Banking assets rose by 6.3 percent over the end of last year, reported the central bank.
Onlycommercial banks and co-operative credit institutions witnessed anincrease in assets, while joint ventures and foreign banks posteddeclines. Finance companies and financial leasing companies revealed adecrease in assets as well.
The central bank reported that thetotal assets of joint-stock commercial banks had reached 2,624 trillionVND (123.7 billion USD) at the end of October, rising by 1 percent overthe end of September and 6.5 percent over December 2013.
Theassets of State-owned banks were valued at 2,172 trillion VND (102.5billion USD), which are up 8.27 percent over last year's December.
Thetotal assets of co-operative credit institutions reached nearly 84.8trillion VND, rising by 1.18 percent and 17.51 percent over the end oflast month and last year, respectively.
With 691.1 trillion VNDin assets, joint ventures and foreign banks posted a decline of 1.96percent in assets over December 2013, while those of finance companiesand financial leasing companies dropped by 4.45 percent to 62.53trillion VND.
The central bank also reported that the returns onassets ratio of the banking system was at 0.51 percent while returns onequity was 5.49 percent, which were much lower than 0.79 percent and10.34 percent in 2012, respectively.
The capital adequacy ratio of the system was 13.22 percent, which was higher than the minimum ratio of 9 percent.-VNA Banking assets rose by 6.3 percent over the end of last year, reported the central bank.
Onlycommercial banks and co-operative credit institutions witnessed anincrease in assets, while joint ventures and foreign banks posteddeclines. Finance companies and financial leasing companies revealed adecrease in assets as well.
The central bank reported that thetotal assets of joint-stock commercial banks had reached 2,624 trillionVND (123.7 billion USD) at the end of October, rising by 1 percent overthe end of September and 6.5 percent over December 2013.
Theassets of State-owned banks were valued at 2,172 trillion VND (102.5billion USD), which are up 8.27 percent over last year's December.
Thetotal assets of co-operative credit institutions reached nearly 84.8trillion VND, rising by 1.18 percent and 17.51 percent over the end oflast month and last year, respectively.
With 691.1 trillion VNDin assets, joint ventures and foreign banks posted a decline of 1.96percent in assets over December 2013, while those of finance companiesand financial leasing companies dropped by 4.45 percent to 62.53trillion VND.
The central bank also reported that the returns onassets ratio of the banking system was at 0.51 percent while returns onequity was 5.49 percent, which were much lower than 0.79 percent and10.34 percent in 2012, respectively.
