Weekly Information on Banking Activities (January 14 – 18, 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 64,442 billion and a USD amount equivalent to VND 46,617, i.e. VND 12,888 billion and VND 9,323 billion per day averagely.
Most transactions were overnight and 1 week terms with an amount of VND 49,259 billion, accounting for 76% of the total amount of VND transactions. Transactions in USD reached an amount equivalent to VND 34,147 billion, accounting for 73% 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 rates for overnight to 2 week and 1 month terms declined by 0.53 percentage point p.a (2 week term) to 1.68 percentage points p.a (3 month term). The rates for 6 month and 12 month terms increased. Transactions for 3 week and over 6 month terms were marginal. There was no transaction for 9 month and over 12 month terms.
For the rates in USD, the average interest rates for 2 week and 6 month terms increased by 0.02 and 0.86 percentage points p.a respectively. The rates for other terms decreased by 0.01 percentage point p.a (overnight term) to 1.03 percentage point p.a (2 month term). Transactions for 6 month term were marginal. There was no transaction for 3 week and 9 month plus terms.
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 |
2.90 |
4.01 |
4.15 |
4.98 |
5.34 |
5.93 |
6.55 |
8.29 |
- |
12.59 |
- |
USD |
0.21 |
0.48 |
0.68 |
- |
0.41 |
0.52 |
0.83 |
2.80 |
- |
- |
- |
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