August 12, 2022 | 06:40

Rising deposit rates to affect bank profits

SSI has forecast that deposit interest rates may increase 0.5-0.7 percentage points over the final two quarters of the year and the year as a whole, adding to the existing 1-1.5 per cent per annum rate. Vietcombank Securities Company (VCBS), meanwhile, said the race to increase deposit rates will affect profits to the end of the year.

Rising deposit rates to affect bank profits
Photo: Illustration
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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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