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Weekly information on banking activities (June 4 - 10, 2011)
1. Mobilizing and lending rates:
- The VND interest rates:
+ The mobilizing rates were commonly at 13.5 - 14% p.a
+ The lending rates were 16.5% - 17% p.a for agricultural and rural development and exporters, 18-20% p.a for other productive and business enterprises, and 22-25% p.a for the non-productive sector.
- The USD interest rates:
+ The mobilizing rates were commonly at 0.2-1.0% p.a for demand deposits, and 2.0% p.a for time deposits.
+ The lending rates were commonly 6-7.5% p.a for short terms and 7.5-8.5 % p.a for medium and long terms.
The specific mobilizing and lending rates were as follows:
|
The quoted mobilizing rates
|
Currency |
Demand
(% p.a.) |
Below 1month
(%p.a) |
3 months
(% p.a.) |
6 months
(% p.a.) |
12 months
(% p.a.) |
|
Group of state- owned commercial banks |
VND |
2.4-3.0 |
13-14 |
13.5-14 |
13.5-14 |
13.5-14 |
|
USD applicable to economic institutions |
0.2-0.3 |
0.5 |
0.5 |
0.5 |
0.5 |
|
USD applicable to individuals |
0.2-1.0 |
2.0 |
2.0 |
2.0 |
2.0 |
|
Group of joint-stock commercial banks |
VND |
2.4-4.2 |
13-14 |
13.5-14 |
13.5-14 |
13.5-14 |
|
USD applicable to economic institutions |
0.2-0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
USD applicable to individuals |
0.24-1.0 |
2.0 |
2.0 |
2.0 |
2.0 |
|
The average lending rates |
Currency |
Short term
(% p.a.) |
Medium and long term
(% p.a.) |
|
Group of state- owned commercial banks |
- VND applicable to ordinary loans
- VND applicable to loans for agricultural production and exporters |
17-17.5
16.5-17 |
18-19
17-18 |
|
USD |
6.0-6.5 |
6.5-7.0 |
|
Group of joint-stock commercial banks |
- VND applicable to ordinary loans
- VND applicable to loans for agricultural production and exporters |
18-19
18-19 |
19-20
19-20 |
|
USD |
6.0-7.5 |
7.5-8.5 |
2. Inter-bank transactions turnover:
According to the express reports of commercial banks by June 8, the total amount of transactions in the inter-bank market reached about VND 114,384 billion and USD 3,671 million, i.e. VND 22,877 billion and USD 734 million per day averagely.
Most transactions were overnight and 1 week terms with the total amount of VND 75,234 billion, accounting for 66% of the total amount of VND transactions. Transactions in USD was overnight term with the total amount of USD 2,569 million, accounting for 70% of the total amount of USD transactions.
3. The average inter- bank interest rates:
The interest rates by June 8 were as follows:
For the rates in VND, the average inter-bank interest rates for most terms were on a upward trend with an increase of 0.23- 0.78 percentage points p.a. The average rate for demand term slightly decreased.
The average overnight interest rate was 12.81% p.a, up by 0.78 percentage point p.a. The rates for other terms ranged between 13.25 - 13.95% p.a (Excluding demand loans). There were marginal transactions for 12 month term.
For the rates in USD, the average interest rates for most terms were on a upward trend with an increase of 0.08-0.69 percentage points p.a, of which the rate for 3 month term increased remarkably to 2.83% p.a from 2.14% p.a (Up by 0.69 percentage point p.a). The average rate for 6 month term declined to 3.47% p.a from 3.62% p.a (Down by 0.14 percentage point p.a).
The average overnight interest rate was 0.58% p.a, up by 0.08 percentage point p.a. The rates for other terms ranged between 1.13 - 3.47% p.a. There were no USD transactions for demand and 12 month term.
The average interest rates in the inter-bank market were as follows (% p.a.):
|
Term |
Overnight |
1 week |
2 weeks |
1 month |
3 months |
6 months |
12 months |
Demand |
|
VND |
12.81 |
13.25 |
13.73 |
13.36 |
13.80 |
13.95 |
13.28 |
1.93 |
|
USD |
0.58 |
1.13 |
1.44 |
1.49 |
2.83 |
3.47 |
- |
- |
4. Exchange rate
Following the issuance of several important legal documents by the SBV in order to regulate the market, the foreign exchange market continued to show positive signs. The foreign currency liquidity was improved, and both the inter-bank transactions and transactions with clients increased. The proper foreign exchange demand of enterprises and individuals was fully met. SBV could buy additional foreign currencies from the market to increase the amount of international reserves.
sbv
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