Weekly information on banking activities (Aug 13 - 19, 2011)

1. Mobilizing and lending rates:

- The VND interest rates:

+ The lending rates were 16.5% - 20% 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 interest rates:

+ The 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 August 17, the total amount of transactions in the inter-bank market reached about VND 124,882 billion and USD 2,202 million, i.e. VND 24,976 billion and USD 440 million per day averagely. 

Most transactions in VND were overnight term, with the amount of VND 61,525 billion, accounting for 49% of the total amount of VND transactions.

Overnight transactions in USD was 1,212 million, accounting for 55% of the total amount of USD transactions.

3. The average inter- bank interest rates:

The interest rates by August 17 were as follows:

For the rates in VND, the average inter-bank interest rates for below 2 week and demand terms slightly decreased. The average rates for 6 and 12 month terms declinced remarkably, down by 0.51 and 1.00 percentage points p.a respectively. The average rates for 1 and 3 month terms increased by 0.11-0.36 percentage point p.a.

The average overnight interest rate was 10.58% p.a. The rates for other terms ranged between 12.50 - 14.46% p.a (Excluding demand loans).

For the rates in USD, the average interest rates of most transactions in USD decreased. The average rates for overnight and 1 week terms remarkably declined.

The average overnight interest rate was 0.89% p.a, down by 0.52 percentage point p.a. The rates for other terms ranged between 2.12 - 3.04% p.a. There were marginal transactions for 12 month term while no transaction for demand and 6 month terms was counted.

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

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