One-month term interbank interest rate up to 16pct p.a

The interbank interest rate for 2-week term on September 28 climbed to 15 percent per annum (p.a.) and it was 14.5 percent p.a, the State Bank of Vietnam (SBV) reported on Thursday.
According to the local newswire Tuoi Tre (Youth), after 20 days of strictly implementing the State Bank of Vietnam (SBV)’s provisions on deposit interest rate cap of 14 percent per year, on September 28, the lending interest rate on the interbank market for 1- month term jumped to 15.8-16 percent p.a., up 0.5 percent p.a. from last weekend.

The interbank interest rate for 2-week term was at 15 percent p.a. and it was 14.5 percent p.a. for 1-week term. – Vietbiz24

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial, Vietnam interest rates

Posted by VBN on Sep 30 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry