Deposit and lending interest rates will decrease by 1.0-1.5%/year compared to the end of 2023.

According to information from the State Bank - Phu Tho Provincial Branch, in the context of the general economic outlook not recovering too strongly, in order to create momentum to promote credit as well as improve capital costs for banks, in the first three months of 2024, the interest rates for mobilization and lending of banks and credit institutions in the area tend to decrease by 1.0-1.5%/year compared to the end of 2023.

Staff of Ban Viet Phu Tho Commercial Joint Stock Bank (BVBank) guide and support customers to open accounts.

Accordingly, the total mobilized capital in the area reached VND 91,971 billion, an increase of 12.2% (VND 10,018 billion) over the same period, an increase of 3.8% (VND 3,381 billion) compared to the end of 2023. Total outstanding loans in the area reached VND 102,374 billion, an increase of 7.8% (VND 7,368 billion) over the same period, a decrease of 2.1% (VND 2,183 billion) compared to the end of 2023. Of which, short-term outstanding loans reached VND 62,173 billion, an increase of 9.1% over the same period and a decrease of 2.7% compared to the end of 2023. Medium and long-term outstanding loans reached VND 40,201 billion, an increase of 5.7% over the same period and a decrease of 1.1% compared to the end of 2023.

Maintaining a low interest rate environment in recent times has contributed significantly to supporting economic recovery, especially for the production and business activities of enterprises.

Dinh Vu

Source