HCM City deposit balance rises 23%

Total deposit balance of HCM City-based commercial banks since the beginning of this year reached more than 160 trillion dong, up by 9.3% compared to early this year and posting a year-on-year increase of 23%.
According to bankers, deposit growth of foreign currencies was quicker than that of dong. However dong deposit balance still accounted for a high ratio of 67.3% of total deposit balance. Although foreign currency interest rates in the first six-months increased, there is not much switch of from dong to foreign currency holding.
Payment service operations of the city’s commercial banks have been robustly developing. The number of ATM cards alone has so far climbed up to nearly 150,000 cards.
Reportedly, total lending balance has to date attained more than 150 trillion dong, growing by 13.4% compared to the start of this year and up by 30.9% against last year. Particularly, loans to real-estate sector accounted for 13.5% of total lending balance to the economy.

 

Category: Finance