Interbank interest rates set new ground

Through the peak season of Tet, interest rate above interbank market has decreased from 0.1 – 0.4% compared to the beginning of the month. Currently, the overnight interest rate is at 2.18%/year. Compared to the overnight interest rate in the same period last year, the cost of mutual borrowing between banks has increased by 6 times.

Bankers said that the cost of capital in the interbank market was quite low in the past two years. Therefore, the establishment of a new ground, with interest rates for terms ranging from 2-3% at present, is in line with market movements.

As of mid-March, credit growth reached 3.11%. As for deposits, banks are expected to grow by 2.6% by the end of this month, which means the gap between deposit and lending growth is still there.

Analysts said that many banks have chosen to borrow from each other instead of increasing mobilization from the population to optimize costs.

Currently, overnight interbank trading volume this week is over 200,000 billion VND/day, 3 times higher than the same period last year. However, the banks said that this transaction size is not too large and the supply and demand for interbank capital is still being well met.

Deposit interest rates inched up

VTV.vn – In the second half of March, some banks continued to slightly increase interest rates from 0.1 to 0.3%/year for many tenors.

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