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Tuesday, July 16, 2024

Total assets of banks in Vietnam dip slightly

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HCMC – As of late March 2020, the total assets of all credit institutions in Vietnam fell slightly by 0.72% compared with the end of last year to VND12.48 quadrillion (US$534.4 billion).

According to the latest report from the State Bank of Vietnam, the assets of the four largest State-owned banks—Agribank, Vietcombank, VietinBank and BIDV—stood at over VND5.2 quadrillion, accounting for 41.76% of the total.

The assets of joint stock commercial banks reached nearly VND5.3 quadrillion, accounting for 42% of the total, up 0.77% compared with end-2019.

The total charter capital of the credit institutions increased by 0.85% against the end of 2019 to VND617.5 trillion, of which 23.5%, equivalent to VND145.1 trillion, was held by the Big Four.

The charter capital of joint stock commercial banks increased by 0.53% to VND286.3 trillion, accounting for 46.6% of the total.

The equity capital of the entire banking system amounted to nearly VND938 trillion by the end of the first quarter.

According to the State bank, 76 credit institutions have met the Basel II capital adequacy ratio, including two State-owned banks, 20 joint stock commercial banks, two joint-venture banks, nine wholly foreign-owned banks and 43 foreign banks’ branches.

The non-performing loan ratio was kept at 1.77%. The report showed that from 2012 until the end of March 2020, credit institutions tackled over VND1 quadrillion in bad debts, including VND159.9 trillion in 2019 and nearly VND27 trillion in the first quarter of 2020.

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