In May, with the exception of the Social Policy Bank, which saw a slight decrease of 1.2 trillion VND in total assets, the assets of all other sectors increased quite significantly. The strongest increase was seen in the state-owned commercial banks, which rose by 58.6 trillion VND to 3.4 million trillion VND.

Total assets of state-owned banks increased dramatically.

According to statistics from the State Bank of Vietnam, the total assets of the entire system of credit institutions increased sharply in May.

Specifically, as of the end of May 2016, the total assets of the entire system had increased by 4.26% compared to the beginning of the year, reaching 7.63 million billion VND. Compared to the previous month, the total assets of the entire system increased by 104 trillion VND.

In May, with the exception of the Social Policy Bank, which saw a slight decrease of 1.2 trillion VND in total assets, the assets of all other sectors increased significantly. The strongest increase was seen in the State-owned commercial banks, which rose by 58.6 trillion VND to 3.4 million trillion VND. This was followed by the joint-stock commercial banks, which increased by 32 trillion VND, reaching a total asset value of 3 million trillion VND.

Not only total assets, but also equity and charter capital of the entire system continued to maintain growth momentum in May.

Accordingly, by the end of May, the total equity capital of the entire system reached nearly 595 trillion VND, an increase of 3 trillion VND compared to the previous month and an increase of nearly 17 trillion VND (equivalent to a 2.93% increase) compared to the end of 2015. Equity capital increased across all sectors.

In terms of absolute value, joint-stock commercial banks currently lead in equity capital (240 trillion VND), an increase of 1.2 trillion VND; followed by state-owned commercial banks (206 trillion VND), an increase of 1.3 trillion VND; and thirdly, joint venture and foreign banks (nearly 126 trillion VND), an increase of 400 billion VND.

The charter capital of the entire system also continued to increase by VND 355 billion to VND 469.8 trillion. Compared to the end of 2015, the charter capital of the entire system has increased by VND 9.6 trillion, equivalent to a 2.09% increase.

Currently, joint-stock commercial banks are leading in charter capital with 196 trillion VND; followed by state-owned commercial banks with 137 trillion VND; and thirdly, joint venture and foreign banks with 100 trillion VND.

As of the end of May 2016, the minimum capital adequacy ratio for the entire system reached 12.68%, a slight decrease compared to 12.76% at the end of April, and significantly higher than the State Bank of Vietnam's permitted ratio of 9%. This ratio was higher than the regulation across all sectors.

The ratio of short-term capital to medium- and long-term loans across the entire system at the end of May was 31.42%, a slight increase compared to 31.22% in April.

According to Cafef.vn/Trithuctre