Wednesday, June 26, 2013
The Bank continues to evaporate trillions equity
Total assets increased but the equity of the system decreased. Photo: Thanh Lan
Unless the foreign joint venture banks, both banks and state-owned shares will continue to reduce its own capital. The ability to generate profits of the banking system also fell sharply from the previous report.
State Bank has reported on the situation of credit institutions until 30/4. Accordingly, the system's total assets increased 1.93% and reached nearly 5.2 million billion, the highest since the first operator announced last year figures.
Most of the charter capital of credit organizations in 30 quarters increased. However, the other key indicators such as equity and the ability to generate profit through ROA, ROE declined. Regarding equity, this is the tape straight month trillion evaporated. Complete system to 30/4 only 418 975 billion - down nearly 4,000 billion compared with the end of March. Except for joint venture banks, foreign, state-owned banks, joint stock banks and other credit institutions decreased equity. Reduction is the most powerful group shares, more than 4%.
The rate of credit than the mobilized capital was 87.87%, lower than the recent months. Capital adequacy ratio minimum CAR also down slightly from last month. At the meeting of the banking sector on 17/6, Governor Nguyen Van Binh said that even if the system was more stable than before, but the rate of use of safety capital banks should have taken about 80% - 85% .
According to the report of the State Bank by the end of the first quarter of this year, the ability to generate profits of credit institutions fell, the biggest drop among the state banks. Rate of return on total assets (ROA) reached 0.23% the first quarter, down sharply from 0.48% in 2012. Rate of return on equity (ROE) also fell to 2.52% from 3.97% conb of last year's first quarter.
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