Deposits into the banking system soar

by VTV418 July 2019 Last updated at 15:43 PM

VTV.vn - In the first four months of this year, deposits of economic organizations into the banking system declined compared to the end of last year.

However, in May only, the amount of deposits from organizations unexpectedly increased, almost reaching 1.5 billion USD.

Data from the State Bank also showed people depositing into the banking system more than 2 billion USD, an increase of about 1.6 billion USD compared to the previous month.

The increase in deposits was attributed to some banks raising interest rates to attract money to meet the demand for loans to stimulate the economy. In addition, banks must balance capital to ensure capital reserves high enough to meet safety standards.

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