The bank has drawn more than half a million billion dong in 6 months, deposits increased sharply

DNHN - The strong increase in people's deposit flow into the banking system occurred in the context that deposit interest rates have increased continuously since the beginning of the year until now.

According to the latest data from the State Bank of Vietnam, Vietnam's payment system has added more than VND 506,200 billion after the first 6 months of the year.

Accordingly, by the end of June, the deposit balance of economic organizations and enterprises in the banking system reached nearly VND 5,849 million billion, up 3.61% compared to the beginning of the year. In June alone, the deposit balance of this group of customers increased by nearly VND 42 trillion.

Since the beginning of the year, people have brought a total of nearly 319,000 billion VND to the banking system, an increase of 6.02% compared to the beginning of the year. The increase in deposit balance in the first 6 months of this year has more than doubled compared to the same period in 2021 and 30% higher than 2020. On average, people bring nearly 1,772 billion VND more every day to the bank.

In general, the banking system has recorded more than 522,500 billion VND in deposits in the first half of the year, 36% higher than the same period last year and 25% higher than in the first half of 2020.

The strong increase in people's deposit flow into the banking system occurred in the context that deposit interest rates have increased continuously since the beginning of the year until now.

According to the State Bank of Vietnam, by the end of June, the average deposit interest rate for terms from 1 month to less than 6 months at commercial banks was at 3.3-3.6%/year, up 0.1 percentage points compared to the end of 2021. Similarly, deposit interest rates for term from 6 months to 12 months reached 5.1-5.9%/year, up 0.2 percentage points; terms of more than 12 months to 24 months are popular at 5.4-6.6%/year, up 0.1 percentage points and term deposits over 24 months are 6.3-6.7%/year, increasing 0.2 points %.

According to the latest data from the State Bank of Vietnam, Vietnam's payment system has added more than VND 506,200 billion after the first 6 months of the year.

Accordingly, by the end of June, the deposit balance of economic organizations and enterprises in the banking system reached nearly VND 5,849 million billion, up 3.61% compared to the beginning of the year. In June alone, the deposit balance of this group of customers increased by nearly VND 42 trillion.

Since the beginning of the year, people have brought a total of nearly 319,000 billion VND to the banking system, an increase of 6.02% compared to the beginning of the year. The increase in deposit balance in the first 6 months of this year has more than doubled compared to the same period in 2021 and is 30% higher than in 2020.

On average, every day people bring nearly 1,772 billion VND more to the bank.

Collecting two groups of corporate and residential customers, the banking system recorded an additional VND 522,500 billion in deposits in the first half of the year, 36% higher than the same period last year and 25% higher than in the first half of 2020.

The strong increase in people's deposit flow into the banking system occurred in the context that deposit interest rates have increased continuously since the beginning of the year until now.

PV