HCM City Banks Report Dong Loans Up 2.1% from End-2009
Total outstanding loans of commercial banks in Ho Chi Minh City grew 0.68% from end-2009 to VND574 trillion by late April, with dong loans up 2.1% compared to a fall of 1.81% at the end of March.
Total loans in U.S. dollar increased 12.4%.
These banks also saw their deposits up 4.75% by late last month. Deposits in dong and U.S. dollar rose 3% and 5.5% from end-2009, respectively.
Local commercial banks currently offer deposit interest rate at around 11.5% per annum, or even up to 11.99%, and the lending rate is being applied widely at between 13% and 18%. (Youth)
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