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Interest rates under growing pressure as credit expansion outpaces deposits
Summary by vir.com.vn
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1 Articles
Interest rates under growing pressure as credit expansion outpaces deposits
The balance between deposit mobilisation and lending in the local banking system is expected to continue narrowing in the fourth quarter (Q4), as credit growth is anticipated to accelerate towards year-end and exceed deposit growth by approximately 3-3.5 per cent. In mid-September, Lai Huong, a transaction officer at a bank in Hanoi, reluctantly watched one of her VIP clients transfer their deposits to another bank because the latter of…
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