Finance

Deposit rates stable

THURSDAY, 19/09/2019 13:36:11

By mid-September, credit institutions in the province had mobilized a total of about VND111,700 billion in deposits, up 12.1% over the end of 2018.

As assessed by Hai Duong branch of the State Bank, the amount of mobilized capital constantly increased month by month right from the first month of the year, most of which was savings deposits from residents.

Deposits with over 12 month terms continued to rise. The rising level was higher than the common one, showing that the capital structure was increasingly improved towards a more balanced and stable manner.

Deposit rates were basically stable, commonly at 0.2 – 0.5%/ year for demand deposits and below one month terms, 4.5 – 5.5%/ year for one to below six month terms, 5.4 – 6.7%/ year for six to below 12 month terms, and from 6.8%/ year for 12 and over 12 month terms.

VI THUY

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