Chủ đề: Deposit interest rates

Deposit rates rose an average of 3 basis points in the first quarter of 2022 compared to the fourth quarter of 2021. Average lending rates fell 8 basis points. VDSC Securities estimates that average growth of total net interest income in the banking sector was 21 per cent in the first quarter, with total operating income up 36 per cent and pre-tax profit 70 per cent.

Many banks adjusted their deposit interest rates upwards in the first half of April. With inflationary pressure continuing for the foreseeable future and with demand for credit growing during the economic recovery period, deposit rates are forecast to continue to increase.