The challenge of keeping interest rates stable at the end of the year

VTV.vn - Credit growth faster than capital mobilization is creating great pressure on the banking system in maintaining stable lending interest rates in the last months of the year.

Credit for the entire system by the end of September increased by 13.4% compared to the beginning of the year. Meanwhile, capital mobilization increased by only 9.7%. The slower growth rate of capital mobilization compared to lending is creating challenges for commercial banks in maintaining stable lending interest rates in the last months of this year, to support people and businesses to recover production and business, in accordance with the direction of the Government and the State Bank.

A survey of banks' interest rates shows that about 7 commercial banks have increased their deposit interest rates in the past month, with increases ranging from 0.1% to 0.5% depending on the bank and the term. This is considered a solution to help banks mobilize capital, ready to lend.

"The capital source meets the demand for credit growth, so the interest rate has increased but not much, about 0.1 - 0.2%. We are trying to observe to somehow keep the mobilization interest rate at a stable level and have capital to meet the demand for loans at the end of the year," said Mr. Nguyen Hung - General Director of Tien Phong Bank TPBank .

The yield spread is narrowing, however banks still have ways to optimize operating efficiency, through increasing the rate of non-term deposits. This is a source of money usually kept in payment accounts, with very low interest rates, only from 0.1-0.5%/year. This source of capital will help average the cost of capital for banks.

Ms. Nguyen Thi Huong - Deputy General Director of ABBank said: "The rate of non-term deposits is a key factor helping banks reduce capital mobilization costs, improve profit margins and increase competitiveness in capital mobilization. It also shows the level of customer engagement with the bank, showing that customers are using many services and are choosing the bank as their main transaction place."

Some banks with good digital banking services often have a high amount of non-term deposits, up to approximately 40%. This is considered a treasure, helping banks balance input capital costs, and have conditions to keep output lending interest rates stable.

Source: https://vtv.vn/thach-thuc-giu-on-dinh-mat-bang-lai-suat-cuoi-nam-100251104143956111.htm