The total assets of commercial banks under State ownership were reported at VND4,570 trillion (US$201.5 billion), an increase of 18.34% over the beginning of the year and accounting for 45.7% of the total assets in the banking sector.
Banking sector's total assets now exceed US$441 billion.
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They were followed by joint venture banks and wholly foreign-owned banks with total assets of VND954 trillion (US$42.1 billion), up 15.19%; Vietnam Bank for Social Policies with VND175.6 trillion (US$7.74 billion), up 10.04%; financial and leasing companies with VND141.9 trillion (US$6.2 billion), up 24.07%; people's credit funds with VND102.5 trillion (US$4.5 billion), up 13.84% and Co-op Bank with VND28.9 trillion (US$1.3 billion), up 8.56%.
With regards to own capital, as at December 31, 2017, state-owned commercial banks are behind joint stock commercial banks--VND254.6 trillion (US$11.2 billion) against VND290.6 trillion (US$12.8 billion)--posting growth rates of 10.96% and 14.35%, respectively, compared to the beginning of the year.
On the other hand, own capital of joint venture banks and wholly foreign-owned banks was VND141.8 trillion (US$6.2 billion), increasing 8.31%, that of financial and leasing companies was VND23.3 trillion (US$1 billion), and Co-op bank of VND3.6 trillion (US$158.7 million).
Overall, total own capital in the banking sector reached VND714 trillion (US$31.4 billion), increasing 11.64% over the beginning of the year.
The chartered capital of state-owned commercial banks in last year was slightly unchanged (up 0.82%) at VND147.7 trillion (US$6.5 billion), while that of joint stock commercial banks reached VND214 trillion (US$9.4 billion), 1.5 times higher than that of state-owned commercial banks.
With regards to the capital adequacy ratio (CAR), all credit institutions mentioned above rated above the 9% limit. However, the CAR of State-owned commercial banks is fast approaching the limit with 9.52%, while that of joint stock commercial banks is quite high, with 11.47%.
In terms of short-term capital for mid- and long-term lending, both state-owned and joint stock commercial banks have brought the rate under the acceptable limit of 40% according to law, with 33.44% and 34.47%, respectively.
