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deposits

Deposits at Vietnamese banks reach record high of 628b

Deposits at Vietnamese banks reach record high of $628b

Despite low interest rates, bank deposits have reached a new historic peak of VNĐ16 quadrillion (US$628.5 billion) as of the end of March, according to the latest data from the central bank. 
Bank savings of individual customers recover while institutional savings decline

Bank savings of individual customers recover while institutional savings decline

Data from Q1 2024 financial statements of 27 commercial banks showed total deposits of the entire banking industry only increased slightly by 0.7 per cent compared to the end of 2023, in the context that deposit interest rates continuously decreased...
Bank deposits decline for first time in over two years

Bank deposits decline for first time in over two years

Banks’deposits decreased for the first time in two years as of the end of March, according to data from the central bank. 
Some banks forecast to improve NIM

Some banks forecast to improve NIM

In a recent report on the banking industry, VNDirect Securities Company said the average NIM ratio of 25 listed banks in the third quarter of 2023 was 3.32 per cent, a decrease of 0.47 per cent over the same period...
Individual saving deposits continue to increase despite interest rate cuts

Individual saving deposits continue to increase despite interest rate cuts

Despite interest rate cuts at commercial banks, individual deposits have continued to increase due to a lack of alternative investment options. 
NA Deputies agree on regulations about deposits for off-plan purchases

NA Deputies agree on regulations about deposits for off-plan purchases

Many opinions agreed on the necessity of regulations on deposits but were still diverse on how the deposit would be collected.
Challenges for banks in luring non-term deposits

Challenges for banks in luring non-term deposits

It is much more difficult for banks to attract cheap capital from non-term deposits, or current account savings account (CASA), in the context of high interest rates on term savings.
Securities companies must comply with regulations on deposit management: SSC

Securities companies must comply with regulations on deposit management: SSC

Securities companies must strictly manage securities trading deposits of investors, must not carry out activities that make investors understand that they mobilise deposits.
Bank race in attracting demand deposits cools down

Bank race in attracting demand deposits cools down

The race to lure demand deposits, or current account savings account (CASA), among banks seems to be decelerating as it is more difficult for banks to attract the cheap capital source in the context of high interest rates on term...
People prefer bank deposits amid global uncertainties

People prefer bank deposits amid global uncertainties

Accumulated and idle money of local people is continually flowing into banks in the context of increasing savings interest rates and rising risks of other investment channels amid the global uncertainties.
Personal bank deposits decline amid decreasing saving interest rates

Personal bank deposits decline amid decreasing saving interest rates

Personal bank deposits has decreased consecutively for the past two months as depositors have withdrawn their savings to pour into more attractive investment channels amid declining deposit interest rates.
Personal demand for deposits drops sharply

Personal demand for deposits drops sharply

Credit institutions reported that customers’ demand for banking products and services was at a low level in the third quarter compared to the previous one.
Ministry proposes reduction in insurance deposits for travel firms

Ministry proposes reduction in insurance deposits for travel firms

The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of COVID-19.
Demand for deposits soar as cashless payments become more popular

Demand for deposits soar as cashless payments become more popular

Demand for deposits by individuals have increased significantly in recent months as people tended to switch to cashless payment methods, especially in the context of the COVID-19 pandemic.
Banks step up to lure demand deposits

Banks step up to lure demand deposits

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.