Capital mobilization of commercial banks up 17 trillion VND

Updated: 10:50, 22/11/2023

BAC GIANG- According to the provincial State Bank, the commercial banks in the province have mobilized nearly 103 trillion VND (4.24 billion USD), up 17 trillion VND (700 million USD) compared to 31 December last year.

•Central bank to accelerate disbursement of social housing loan package: governor

•Bank deposits grow despite lower interest rates

•State Bank of Vietnam issues $410M worth of treasury bills

Some banks have high mobilized capital such as: Bac Giang provincial branch and Bac Giang branch 2 of Vietnam Bank for Agriculture and Rural Development, Joint Stock Commercial Bank for Investment and Development of Vietnam Bac Giang Branch, Joint Stock Commercial Bank for Industry and Trade of Vietnam Bac Giang Branch...

Commercial bank.

This result was achieved thanks to high attention of the commercial banks to implementing a number of capital mobilization measures. Besides, they have applied many methods to approach customers especially some promotional programmes such as lucky draw for customers depositing money and increased capital mobilization interest rates at certain time to encourage customers to deposit money.

From the mobilized capital, the commercial banks have so far disbursed nearly 90 trillion VND to organizations and businesses as loans for promoting production and business activities and increasing revenues.

Minh Linh

Capital mobilization of commercial banks up 14.5 trillion VND

BAC GIANG - According to the Bac Giang provincial branch of State Bank, to date, the total mobilized capital of commercial banks has reached nearly 100 trillion VND (4.2 billion USD) up about 14.5 trillion VND compared to last year.

HCMC to build second blood bank

Ho Chi Minh City will spend VND700 billion (US$28.6 million) building a new blood bank as the city's first and only one has become overloaded.

Banks lower deposit interest rates to below 6%

Four state-owned banks and a dozen private lenders have dropped their deposit interest rates to below 6%from as high as7.5-8% earlier this year.

World Bank approves $130M to improve livability in Vietnam province

The World Bank approved a $129.6 million project on Monday to strengthen flood resilience and improve sanitation, transport, and infrastructure in Nghe An Province.

Banks cut rates for new loans amid low capital demand

Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.