Capital mobilization at commercial banks up over 53.4 million USD

(BGO) - By the end of January 2023, the commercial banks in Bac Giang province mobilized totally over 86.9 trillion VND of capital, up nearly 1.26 trillion VND (over 53.4 million USD) against the figure at December 31, 2022, reported State Bank of Vietnam's Bac Giang branch.

The increased capital was mobilized by Bac Giang branch of Vietnam Bank for Agriculture and Rural Development (Agribank Bac Giang Branch) with over 18.2 trillion VND (up 262 billion VND); Bac Giang branch No.2 of Vietnam Bank for Agriculture and Rural Development (Agribank Bac Giang branch No.2) with over 18.5 trillion VND (up 338 billion VND)…

Client deposits money at Bac Giang branch No.2 of Vietnam Bank for Agriculture and Rural Development.

The result was gained thanks to stable increase of the ceiling of deposit interest rates, with terms from 1 month to below 6 months, by 1 percentage at many commercial banks. Some even offered lucky draw to stimulate clients to deposit their money.

Typically, Agribank Bac Giang branch No.2 raised the deposit interest rate for client with terms from 1 month to below 3 months by 4.9 percentage per year, terms from 3 months to below 6 months by 5.4 percentage per year, terms from 6 months to below 12 months by 6.1 percentage per years and above 12 months by 7.4 percentage per year.

Meanwhile, Agribank Bac Giang branch has adjusted the deposit interest rate of individual and organization customer up to 1 – 2 percentage per year for three recent months.

The increased deposit mobilization helped many businesses and husiness households get timely loan to recover and expand production, increase the revenue. By the end of January this year, the province disbursed more than 80.6 trillion VND as the loan for clients.

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