Weekly Information on Banking Activities (January 21 – 25, 2013)
1. Mobilizing and lending rates:
1.1. Mobilizing rates:
- The VND mobilizing rates were stable as compared to the previous week. The rates were commonly 1 - 2% p.a for demand and below 1 month terms, 7.8-8% p.a for 1 to below 12 month terms; and 10-11% p.a for 12 month and 12 month plus terms (several small joint-stock commercial banks still maintained the rate of 12% p.a for over 12 month term).
- 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 were stable as compared to the end of the previous week. The rates were commonly 9% - 12% p.a for agricultural and rural development, exporters, supporting industries, SMEs and high-tech enterprises; 11-15% p.a for short terms for other productive and business sectors, and 14.6-17.5% for long terms.
- 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 and rural development, exporters, supporting industries, SMEs and high-tech enterprises |
11-15 9-12 |
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 and rural development, exporters, supporting industries, SMEs and high-tech enterprises |
12-15 11-12 |
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 credit institutions, the total amount of transactions in the inter-bank market reached about VND 73,819 billion and a USD amount equivalent to VND 42,484, i.e. VND 14,764 billion and VND 8,497 billion per day averagely.
Most transactions were overnight and 1 week terms with an amount of VND 52,591 billion, accounting for 71% of the total amount of VND transactions. Transactions in USD reached an amount equivalent to VND 33,558 billion, accounting for 79% 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 overnight to 3 week, 2 month, and 6 month terms, of which the rates for overnight, 1 week, 2 week and 6 month terms declined by 0.81 percentage point p.a to 0.98 percentage point p.a, the rate for 3 week and 2 month terms decreased by 0.38 and 0.02 percentage points p.a respectively. The rates for 1 month, 3 month and 12 month terms increased by 0.92, 0.22, 1.76 percentage points p.a. Transactions for 3 week and over 6 month terms were marginal. There was no transaction for over 12 month terms.
For the rates in USD, the average interest rates for overnight, 1 week and 2 month terms increased by 0.04 percentage point p.a (overnight term) to 0.68 percentage point p.a (2 month term). The rates for 2 week, 3 month and 6 month terms decreased by 0.13, 0.12 and 0.40 percentage points p.a. respectively. There was no transaction for 3 week and 9 month plus terms. Transactions for 6 month term were marginal.
The specific average inter-bank interest rates were as follows:
Kỳ hạn |
Qua đêm |
1 tuần |
2 tuần |
3 tuần |
1 tháng |
2 tháng |
3 tháng |
6 tháng |
9 tháng |
12 tháng |
Trên 12 tháng |
VND |
2.09 |
3.09 |
3.17 |
4.60 |
6.26 |
5.91 |
6.77 |
7.45 |
9.50 |
14.35 |
- |
USD |
0.25 |
0.68 |
0.55 |
- |
0.78 |
1.20 |
0.71 |
2.40 |
- |
- |
- |
3. Exchange rate
The forex market was stable. The liquidity was improved. Credit institutions could buy foreign currencies from clients. The VND/USD trading exchange rate quoted by commercial banks was around 20,825-20,865.
DH