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Deposit interest rates edge up as banks gear for rising loan demand

Deposit interest rates edge up as banks gear for rising loan demand

More than 10 banks have increased their deposit interest rates by 0.1-0.9 percentage points in the last month, with the highest now for a 12-month period being 6.2%.

Bank loan interest rates down nearly 1 point this year

Bank loan interest rates down nearly 1 point this year

Banks’ average lending interest rate was 8.3% as of the end of June, down 0.96 percentage points for the year, according to the State Bank of Vietnam.

Deposit interest rates rise above 6%

Deposit interest rates rise above 6%

Over a dozen lenders have increased their deposit interest rates by 0.1-1.3 percentage points in the past two weeks, with the highest for a 12-month tenor now being 6.2%.

July 30, 2024 | 07:12 pm PT

Banks raise deposit interest rates

Banks raise deposit interest rates

Some 20 banks have hiked their deposit interest rates by 0.1-0.9 percentage points in the last month, with the highest for 12-month deposits now being 5.9%.

July 10, 2024 | 09:54 pm PT

June bank credit surpasses previous 5 months’ aggregate

June bank credit surpasses previous 5 months’ aggregate

Banks lent VND480,000 (US$18.88 billion) in June, higher than their total lending in the first five months, indicating a rising demand for credit.

July 9, 2024 | 06:33 pm PT

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