Data from the State Bank on March 1 showed that for the overnight term, the interbank interest rate was only 9.66% per year, down 1.4% compared to February 29.

Interest rates are lower, but transaction turnover in the interbank market also tends to decrease.

A source from a small-scale joint stock bank said that interest rates are low, but it is still not easy to borrow.

It is still difficult for banks to borrow money even though interest rates have been below 10% for many days.

Chung commented that interbank interest rates are cooling down and there is excess capital. The leader of a joint stock bank in Hanoi informed that borrowing capital in market 2 for banks that need money is easier than before.

Interbank interest rates have dropped below 10%, but many banks still mobilize capital in the residential market at an interest rate of 14% per year, according to VPBank General Director Nguyen Hung, because residential capital sources are more sustainable than

In the opinion of Dr. Nguyen Duc Thanh – Director of the Center for Research and Policy (VEPR), interbank interest rates have cooled down but have not yet resolved liquidity risks. This interest rate index is also losing

Dr. Thanh added that the current story of the banking industry is still a clear separation between a group that really has excess liquidity and the other group that always lacks it.

In addition, since before Tet, there has been a situation where banks borrowing from each other have to mortgage assets (gold, valuable papers) – something unprecedented in interbank history.

Average interbank interest rate in the last 5 days

(Source: SBV)

Day

Overnight

1 week

2 weeks

1 month

6 months

February 22

13.6

14.42

13,11

12.81

15.38

February 23

13.06

12.63

12.22

12.75

14.07

February 24

12,11

11.23

10.94

12.91

14,12

February 27

10.62

10.53

9.44

12.26

14.03

February 29

11.06

13.34

9.15

13.25

14,15 1/3

9.66

10.61

10.33

12.48

14.57

Insight