State Bank of Vietnam (SBV) has to refinance about five or six banks, each bank from 1,000 to 5,000 billion dong and these refinancing accompanied with some conditions, according to a source of the Saigon Times Online.

The bank said that despite being refinanced by SB, the lack of liquidity of some banks is not terminated due to the banks still trying not to depend on the last line of this capital. Borrowings from other banks are still more pleasant, so that the interbank interest rate remained high last week.

The open market transacted on two sessions last week instead of only one session on previous term. Since early October, after a number of insolvency black credits, there are some restrictions on issuing of valued papers and SB had not approved some issuance plans so the small bank was reached to refinancing window and interbank market.

TBKTSG