Weekly information on banking activities (Sept 17-23, 2011)

1. Mobilizing and lending rates:

- The mobilizing rates were stable. The VND mobilizing rates were commonly 14% p.a for most terms. The USD mobilizing rates were 2% p.a for individualds and 0.5% p.a for economic institutions.

- The lending rates:

+ The VND lending rates continued to be stable. The VND lending rates were 17% - 19% p.a for agricultural and rural development and exporters, 18-21% p.a for other productive and business enterprises, and 22-25% p.a for the non-productive sector.

- The USD lending rates were commonly 6-7.5% p.a for short term and 7.5-8 % p.a for medium and long terms.

The specific lending rates were as follows:

2. Inter-bank transactions turnover:

According to the express reports of commercial banks by September 21, the total amount of transactions in the inter-bank market reached about VND 116,949 billion and USD 2,641 million, i.e. VND 23,390 billion and USD 528 million per day averagely. 

Most transactions in VND were short terms (Overnight and 1 week) accounting for 65% of the total amount of VND transactions; and most transactions in USD were overnight transactions, accounting for 58% of the total amount of USD transactions.

3. The average inter- bank interest rates:

The interest rates by September 21 were as follows:

For the rates in VND, the average inter-bank interest rates for 2 week, 3 month, 12 month and demand terms were on a slight upward trend. The average rates for other terms were on a downward trend with a decrease of 0.08 - 0.51 percentage points p.a.

The average overnight interest rate was 12.19% p.a, down by 0.51 percentage point as compared to the previous week. The rates for other terms ranged between 13%- 13.50% p.a (Excluding demand loans). The highest interest rate was 13.68% p.a for 1 month term.

For the rates in USD, the average interest rates in USD were on a downward trend for most terms with a decrease of 0.06 - 1.24 percentage points p.a. The average interest rate for 3 month term increased by 0.70 percentage point p.a as compared to the previous week.

The average overnight rate was 0.59% p.a, down by 0.13 percentage point p.a as compared to the previous week. The rates for other terms ranged between 1.37% - 3.76% p.a

There were marginal transactions for 6 month term while no transaction for demand and 12 month terms was counted.

The average interest rates in the inter-bank market were as follows (% p.a.):

4. Exchange rate  

The foreign exchange market continued to be stable. The foreign exchange position of the banking sector continued to remain positive. The trading turnover in the inter-bank market and between banks and clients slightly increased. The exchange rate quoted by commercial banks was 20,830-20,834 VND/USD.

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>   Weekly information on banking activities (September 10-16, 2011) (27/09/2011)