Local banks enjoy a nearly 15% increase in mobilized capital in Jan-June period

As of the end of second quarter of this year, the total mobilized capital of local credit organizations in the province reached VND88,265bil, a 14.87% year-on-year increase. Accordingly, deposits with the term of 1-6 months remained a relatively fair density. Some units gaining the high mobilized capital include Agribank Binh Duong, BIDV Binh Duong, among others. Though interest rates decline by 6% per year, capital source poured into banks remains high, owing to safety of deposits, instead of stock market or gold or real estate investments. Over the past time, the state-run banks manage a flexible monetary policy, contributing effectively to improve value and position of Vietnam dong. This makes deposits in VND increase highly. In addition, abundant mobilized capital plus low interest rate helps credit organizations lower lending interest rates for clients.                                                                                                Reported by T.Hong - Translated by A.C

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