HÀ NỘI — Many banks have reduced the interest rate for short-term deposits while raising the rate for long-term deposits to restructure capital sources.

BIDV has applied the new rates from May 22, lowering its annual interest rate for three-month and six-month deposits by 0.2 percentage points. Accordingly, the rates for these months are listed at 4.6 per cent and 5.1 per cent per year, respectively.

The bank, however, has maintained a high interest rate of 6.9 per cent per year for 12-month and 24-month deposits.

LienVietPostBank has also lowered the rate for short-term deposits, listing one-month, three-month and sixth-month rates at only 4.4 per cent, 5 per cent and 5.8 per cent per year, respectively.

Vietinbank has followed suit, quoting the interest rate for under-three-month deposits at 4.1 per cent. The bank’s rate for four-month and five-month deposits is 4.6 per cent, while it is 5.1 per cent for six-month deposits.

It has kept the interest rate at 5.5 per cent for six-month to 11-month deposits, much lower than the 6.8 per cent applied to 12-month deposits and 7 per cent for 36-month deposits.

Eximbank has also kept a low rate of 4.6 to 5 per cent for deposits under six months since May 21. However, the bank has increased the rate for long-term loans with 6.8 per cent per year for 12-month deposits and 8 per cent for 24-month and 36-month deposits.

According to the National Financial Supervisory Commission, capital mobilisation of the banking system in the first quarter of this year rose by 3 per cent against 2.6 per cent in the first quarter of 2017.

Credit institutions hope the average mobilisation growth in the second quarter (Q2) of this year will be some 4.71 per cent, much higher than Q1, and the annual mobilisation growth will reach some 16.65 per cent, equivalent to the levels of 2016 and 2017.

Credit institutions also expect deposits ranging from six months to one year to account for 83-86 per cent of the total mobilisation in Q2 and throughout 2018.

On the inter-bank market, interest rates for overnight and one-week loans this week inched up by 0.01 percentage points against the previous week while decreasing by 0.01-0.03 percentage points for two-week and one-month loans. — VNS