Banks' charter capital surges by 15.23% to 33 billion USD

Banks' charter capital surges by 15.23% to 33 billion USD

Despite difficulties of the market, many domestic commercial banks increased capital in 2024, bringing the total charter capital of 28 banks as of December 31, 2024 to 823.52 trillion VND (33 billion USD), an increase of 15.23% compared to the end of 2023.

State-owned banks struggle to increase capital

While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.

Banks’ charter capital surged in 2021

Banks increased their charter capital by more than 110 quadrillion VND in 2021 - the highest annual growth to date - to enhance financial strength and meet the central bank’s regulations.

Newly-registered firms, charter capital hit lowest for September since 2016: GSO

Business and production have been severely stricken by prolonged lockdowns and social distancing orders triggered by the worst-ever COVID-19 resurgence in the third quarter of 2021, according to the General Statistics Office (GSO).
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