Deposit rates of some banks increased 0.1-0.3%
(BNP) - By the end of April 2019, the total mobilized capital of the banking sector reached more than VND 105,000 billion, up 0.3% from the previous month, up 16.8% over the same period last year and up 6.2 % compared to the end of 2018.
Customers withdraw cash at Vietinbank ATM.
Banking sector implemented synchronously, seriously regulations of State Bank on the interest rate, and actively applied measures to ensure liquidity and implement solutions to reduce costs and pressure, and use reasonable lending fee. Deposit rates on VND of some banks increased 0.1-0.3% in terms of 6-12 months and over 12 months. Currently, deposit rates are popular from 0.5% to 7.5% for each term.
Credit programs prioritized for key sectors such as housing, agriculture, rural and medium and small businesses. In addition, the demand for loans for production and business activities has also risen compared to the first quarter, so the total outstanding loans continued to increase.
Total outstanding loans by the end of April obtained VND 81,000 billion, up 0.2% over the previous month, up 15.6% over the same period last year and up 0.5% compared to the end of 2018. Medium-and-long-term loans accounted for 39.5%. Overdue debt is VND 780 billion, accounting for 0.96%.
