The total assets of commercial banks under State ownership were reported at VND4,300 trillion (US$188.7 billion), an increase of 11.15% over the beginning of the year and accounting for 45.5% of the total assets in the banking sector.
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They were followed by joint venture banks and wholly foreign-owned banks with total assets of VND925 trillion (US$40.6 billion), up 11.69%; Vietnam Bank for Social Policies with VND177 trillion (US$7.77 billion), up 11.04%; financial and leasing companies with VND133.5 trillion (US$5.6 billion), up 16.78%; people's credit funds with VND101.7 trillion (US$4.7 billion), up 12.91% and Co-op Bank with VND26.4 trillion (US$1.1 billion), up 0.09%.
With regards to own capital, State-owned commercial banks are behind joint stock commercial banks-VND246,9 trillion (US$10.8 billion) against VND277 trillion (US$12.1 billion)-posting growth rates of 7.58 and 8.67% compared to the beginning of the year.
On the other hand, own capital of joint venture banks and wholly foreign-owned banks was VND141.7 trillion (US$6.2 billion), increasing 8.2%, and that of financial and leasing companies was VND22.8 trillion (US$1 billion), increasing 2.6%.
Overall, total own capital in the banking sector reached VND692 trillion (US$30.3 billion), increasing 7.93% over the beginning of the year.
The chartered capital of State-owned commercial banks in the last 10 months was slightly unchanged (up 0.82%) at VND147.7 trillion (US$6.5 billion), while that of joint stock commercial banks reached VND210 trillion (US$9.2 billion), up 4.57%. The charter capital of joint venture and wholly foreign-owned banks is VND109 trillion (US$4.8 billion), up 5.04%.
In particular, the charter capital of financial and leasing companies has witnessed a high increase of 9.32%, equaling VND21.5 trillion (US$944 million).
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 9.63%, while that of joint stock commercial banks is quite high, with 11.54%.
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 35.66% and 35.9%, respectively.
