VCN – While the situation for liquidity and mobilized capital is very good, credit has signs of slowing down. Some banks have adjusted to reduce mobilized interest rates in some terms.
|Liquidity of banks is in the plentiful situation|
Specifically, VIB Bank adjusted the interest rate 2 times just only in March/2018. In particular, at the 1-3 month term, mobilized interest rates reduced to 5-5.1%; Interest rates for 6-month or longer terms also dropped from 6% to 6.3% depending on the amount of deposit or more.
In the interest rates on deposits when applying from 30/3, VPBank reduced by 0.2 percentage point for term of under 6 months and 12-36 months. In the 6 to 7 month term, VPBank also dropped 0.3 percentage point and decreased 0.4 percentage point for 8-11 month term. This is the third consecutive month VPBank has cut mobilized interest rates in the last two months.
Furthermore, MB Brank also reduced interest rates for many short terms, decreased from 0.1 to 0.2 percentage points compared to early February. In particular, the six-month interest rate fell by 0.2% so it was 5, 5%.
Not only commercial joint stock banks, commercial banks with state capital have also reduced mobilized interest rates. Currently, the deposit interest rates for 1-2 months at this bank are only 4.1%; interest rates for term over 12 months are 6.8-6.9%.
Similarly, interest rates in 6-month, 7-month and 8-month terms of VietinBank fell 0.5 % points so it was 4.8.
According to a report by the National Financial Supervisory Commission, by the end of the first quarter 2018, mobilized capital from economic organizations and individuals increased 3% compared to the end of 2017 (the same period in 2017 increased by 2.6%). Meanwhile, credit is estimated to increase by 3.5% by the end of 2017 (2018?) (4.3% in the same period of 2017). Medium and long-term credit has shown signs of recovery in the first months of 2018. In the first quarter of 2018, medium and long-term credit rose by 4.3% while short-term credit rose by 2.6%. The proportion of medium and long term credit is about 53.2% (end of 2017 is 52.8%).
According to the National Financial Supervisory Commission, the liquidity of the banking system was stabilized because the State Bank increased the purchase of foreign currency and disbursed government bonds slowly. By the end of quarter 1 of 2018, the ratio of credit is 88.2%, higher than the end of 2017 (87.8%) compared to mobilized capital.
By Nguyễn Hiền/Thanh Thuy