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Lending, deposits rise in big cities

July's outstanding loans from Hanoi-based commercial banks reached roughly 669.717 trillion VND (31.5 billion USD), up 1.9 percent month-on-month, according to the municipal Statistics Department.
July's outstanding loans from Hanoi-based commercial banks reachedroughly 669.717 trillion VND (31.5 billion USD), up 1.9 percentmonth-on-month, according to the municipal Statistics Department.
 
Overall, short-term loans increased 2.1 percent month-on-month, whilethe rates for medium- and long-term loans increased 1.7 percent.

Total deposits for the banks in July are estimated to increase 2.3percent month-on-month to 959.45 trillion VND (45.69 billion USD).

HCM City has not released this month's statistics, butlast month the city's deposits and lending values experienced theirbiggest increase since the beginning of the year.

According tothe HCM City Statistics Department, total deposits reached 1,054trillion VND (50.2 billion USD) in the beginning of July, an increase of1.7 percent month-on-month, and up 11 percent from previous year.

Deposits in foreign currencies accounted for nearly 16 percent oftotal deposits, down 18.2 percent from 2012; while local depositsaccounted for 84 percent, up 19 percent from the prior year.

The city's outstanding loans reached 894.6 trillion VND (42.6 billionUSD) in the beginning of July, up 1.9 percent from the previous monthand up 16.7 percent over last year's figures.
 
Foreign currencyloans accounted for 18 percent of all total loans, and were down 20.2percent from 2012; while loans in dong accounted for 82 percent, anincrease of nearly 30 percent.

State-owned banks reported theirhighest increase in deposits in June, up 2.63 percent; whilejoint-stock banks showed the highest lending growth, at 2.57 percent.-VNA

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