Weekly Information on Banking Activities (November 26-30, 2012)
1. Mobilizing and lending rates:
1.1. Mobilizing rates:
- The VND mobilizing rates for below 12 month terms were stable in comparison with the previous week. The rates for over 12 month terms declined by 0.5% p.a. The rate for demand term was 1 -2% p.a, the rates were commonly 2% p.a for below 1 month terms; 8.8-9% p.a for 1 to below 12 month terms; and 10-12% p.a for 12 month and 12 month plus terms.
- The USD mobilizing rates were commonly 2% p.a for individuals and 0.5% p.a for economic institutions.
1.2. Lending rates:
- The VND lending rates: the rates were stable as compared to the previous week. The rates were commonly 10% - 13% p.a for agricultural and rural development, exporters, supporting industries and SMEs; and 12-15% p.a for other productive and business sectors.
- The USD lending rates were commonly 5-7% p.a for short term and 6-8% p.a for medium and long terms.
The specific lending rates were as follows:
Group of commercial banks |
Currency |
Short term (% p.a.) |
Medium and long terms (% p.a.) |
Group of state- owned commercial banks |
-VND applicable to ordinary loans -VND applicable to loans for agricultural production and exporters |
- commonly at 11-15 - the lowest rate at 8.95 - Commonly at 10-13 - the lowest rate at 8.95 |
14.6-16.5 14.6-16 |
USD |
5.0-6.0 |
6.0-7.5 |
|
Group of joint-stock commercial banks |
-VND applicable to ordinary loans -VND applicable to loans for agricultural production and exporters |
- commonly at 12-15 - the lowest rate at 9 - commonly at 11-13 - the lowest rate at 7.5 |
16-17.5 15-16.5 |
USD |
5.5-7.0 |
6.5-8.5 |
2. Inter-bank transactions turnover:
2.1. Transactions:
According to the reports of commercial banks, the total amount of transactions in the inter-bank market reached about VND 53,979 billion and a USD amount equivalent to VND 58,556 billion , i.e. VND 10,796 and VND 11,711 billion per day averagely.
Most transactions were short terms with an amount of VND 40,435 billion, accounting for 75% of the total amount of VND transactions. Short – term transactions in USD reached an amount equivalent to VND 40,659 billion, accounting for 69% of the total amount of USD transactions.
2.2. The average inter- bank interest rates:
For the rates in VND, the average interest rates decreased for most terms; of which the rate for 1 and 3 month terms declined by 3.04 and 0.04 percentage points p.a respectively; and the rates for other terms were down by 0.18 percentage point p.a to 0.65 percentage point p.a. The rates for 2 and 12 month terms increased by 1.19 and 1.18 percentage points p.a respectively. The 9 month rate was unchanged at 9.5%. There was no transaction for over 12 month terms. Transactions for 6 month and 6 month plus terms were marginal.
For the rates in USD, the average interest rates for 1 week, 3 week to 3 month terms decreased by 0.12 (1 month term) to 1.22 percentage points (2 month term). The rates for overnight, 2 and 6 week terms increased by 0.01, 0.12 and 0.13 percentage points p.a. There was no transaction for 9 month and over 12 month terms and transaction for 12 month term was marginal.
The specific average inter-bank interest rates were as follows:
Term |
Overnight |
1 week |
2 weeks |
3 weeks |
1 month |
2 months |
3 months |
6 months |
9 months |
Over 9 months and below 12 months |
Over 12 months |
VND |
1.72 |
2.85 |
3.04 |
4.17 |
4.89 |
7.77 |
7.81 |
9.43 |
9.50 |
13.18 |
- |
USD |
0.23 |
0.48 |
0.36 |
0.39 |
0.70 |
0.62 |
2.08 |
2.40 |
- |
2.78 |
- |
3. Exchange rate
The forex market continued to be stable. The VND slightly appreciated against USD. The liquidity was improved, and credit institutions could buy foreign currencies from customers. The VND/USD trading exchange rate quoted by commercial banks was around 20,830-20,870.