Hanoi (VNA) – The total assets ofthe Vietnamese banking system surpassed 10 quadrillion VND (440 billion USD) inlate 2017, according to the State Bank of Vietnam. 

Of the figure, 4.57 quadrillion VND was fromState-owned commercial banks, accounting for 45.7 percent, up 18.34 percent.Meanwhile, commercial joint stock banks owned 4.03 quadrillion VND, or morethan 40 percent of the total, marking a 17.69 percent increase.

Joint-venture and foreign banks recorded a15.19 percent rise in assets worth a total 954.165 trillion VND while financialand financial lease companies had 141.899 trillion VND, up 24.07 percent.

As of late 2017, total equity capital of thesystem rose by 11.64 percent to 714.106 trillion VND.

Commercial joint stock banks recorded thehighest amount of fixed capital, amounting to 290.626 trillion VND, up 14.35percent while State commercial banks had 254.655 trillion VND, up 10.96percent.

Joint-venture and foreign banks posted 141.838trillion VND in equity capital, up 8.31 percent. The espective figure forfinancial and financial lease companies, and cooperative banks was 23.353 trillionVND and 3.633 trillion VND.

Chartered capital of commercial joint stockbanks went up 6.94 percent to 214.791 trillion VND.

The capital adequacy ratio of Statecommercial banks stood at 9.52 percent, slightly higher than the regulated 9percent. The commercial joint stock banks recorded a ratio of 11.47 percent.

The rate of short-term capital used for midand long-term loans was 33.44 percent for State commercial banks and 34.47percent for commercial joint stock banks.-VNA