Banks’ total asset value increases over 12 percent

According to statistics by the State Bank of Vietnam (SBV), the total asset value of credit institutes gained VND6,514,900 billion (US$ 305.35 billion) last year, up 12.2 percent over 2013.
Of these, the group of state commercial banks took the lead with VND2,876,174 billion, an increase of nearly 15 percent.
Credit institutions’ equity capital hiked 4.36 percent to hit VND496,573 billion and chartered capital went up 3.29 percent to beat VND435,649 billion.
Their Capital Adequacy Ratio (CAR) reached 12.75 percent, much higher than SBV’s permissible level of 9 percent.
These satisfactory results are said thanks to the banking restructuring program which has been implemented for the last three years.
SBV will continue speeding up this program in an attempt to improve the banking system this year.

By Ham Yen – Translated by Hai Mien

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