Banks raise deposit rates

by VTV417 December 2017 Last updated at 11:17 AM

VTV.vn - Another 2 commercial banks have just raised their short-term deposit interest rates. Economists say that the adjustments are appropriate for the year-end in order to meet the credit growth target set by the government.

Statistics from the National Financial Supervision Commission show that consumer loans continue to post high growth. Total outstanding loans in November increased by 2.8% compared to October and by 15% compared to the beginning of this year. The loans are mainly used for property development or purchase, as well as buying household appliances and vehicles. Demand is expected to continue rising until year-end. Due to these developments, experts say that the increases in deposit interest rates will not affect lending rates.

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