Issue: Số 27 - Tháng 9 - 2026Tài chính - Ngân hàng - Bảo hiểm
Credit - deposit growth gap and interbank funding adjustment in Vietnam
Published: October 23, 2026
Abstract
This study examines the relationship between the Credit - Deposit Growth Gap (CDG) and adjustments in dependence on interbank funding among 20 listed commercial banks in Vietnam during the 2015 - 2025 period. Using 220 bank-year observations, the study applies a two-way fixed-effects model with bank-clustered standard errors. The findings show that CDG is positively and statistically significantly associated with changes in the ratio of interbank liabilities to total assets. This relationship remains robust across alternative specifications and exhibits signs of asymmetry, being more pronounced during periods when deposit growth exceeds credit growth. The results suggest that CDG can complement conventional indicators used in asset - liability management and funding-risk surveillance.
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