Weekly Information on Banking Activities (June 25 -29, 2012)
1. Mobilizing and lending rates:
1.1. Mobilizing rates:
- The VND mobilizing rates were stable as compared to the previous week. 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 month to below 12 month terms; and 10-12% p.a for 12 month and over 12 month terms.
- The USD mobilizing rates were commonly 2% p.a for individuals and 0.5-1% p.a for economic institutions.
1.2. Lending rates:
- The VND lending rates were commonly 11% - 13% p.a for agricultural and rural development, exporters , supporting industries and SMEs; 14-17% p.a for other productive and business enterprises; and 16-20% p.a for the non-productive sector.
- The USD lending rates were commonly 5.5-7.5% p.a for short term and 7.5-9% 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 14-16.5 - the lowest rate at 12 - Commonly at 12-13 - the lowest rate at 12 |
16-18 15.5-17 |
USD |
6.0-6.5 |
6.5-7.5 |
|
Group of joint-stock commercial banks |
-VND applicable to ordinary loans -VND applicable to loans for agricultural production and exporters |
- commonly at 15-17.5 - the lowest rate at 13.5 - commonly at 13 - the lowest rate at 12 |
17-18.5 15.5-18 |
USD |
5.5-7.5 |
7.5-9.0 |
2. Inter-bank operations:
2.1. Inter-bank transactions turnover:
According to the reports of commercial banks, the total amount of transactions in the inter-bank market reached about VND 152,093 billion and a USD amount equivalent to VND 77,816 billion , i.e. VND 30,419 and VND 15,563 billion per day averagely.
Most transactions were short terms with an amount of VND 107,658 billion, accounting for 71% of the total amount of VND transactions. Most transactions in USD were short term, reaching an amount equivalent to VND 64,473 billion, accounting for 83% of the total amount of USD transactions.
2.2. The average inter- bank interest rates:
For the rates in VND, the average inter-bank interest rates for below 9 months terms were on a upward trend, of which the rates for short terms from the overnight to 2 week term increased by 0.44 percentage point p.a to 0.73 percentage point p.a, the rates for 3 to 6 week terms were up by 0.83 percentage point p.a to 1.32 percentage point p.a. The rates for 9 and 12 month terms reduced by 2.50 and 0.28 percentage points p.a respectively.
For the rates in USD, the average interest rates for overnight, 1 week, 2 month, 3 month and 12 month terms were up by 0.04 percentage point p.a (overnight term) to 0.14 (2 month term) percentage point p.a., with the exception that the rate for 12 month term rose by 0.90 percentage point p.a.. The rates for 2 week to 1 month terms decreased by 0.11 percentage point p.a and 0.22 prcentage point p.a respectively. The rates for 3 week and 6 month terms declined more remarkably, by 0.73 and 1.08 percentage points p.a respectively. No transaction for 9 month and term was counted.
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 |
12 months |
Over 12 months |
VND |
6.61 |
7.42 |
7.89 |
10.46 |
9.62 |
9.15 |
9.12 |
9.06 |
9.00 |
9.50 |
13.47 |
USD |
0.34 |
0.63 |
0.67 |
0.07 |
0.66 |
2.25 |
2.04 |
1.74 |
- |
2.90 |
2.90 |
3.Exchange rate
The foreign exchange liquidity of the whole banking sector was abundant. The VND/USD exchange rate in the inter-bank market was stable and tended to be slightly depreciative. The VND/USD exchange rate quoted by commercial banks was around 20,850-20,910.
LVH