Vietnam Bank News

Vietnam Bank Directory

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates


Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Vietnammarkets.com. Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

Commercial banks reduce lending interest rates   2008-09-02 - Nhan Dan

 
 Many State-owned commercial banks and credit organsations have their reduced their lending interest rates after the State Bank of Vietnam announced that the basic interest rate applied from September 1 to be maintained at 14% per annum.

State-owned commercial banks and the Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank) have announced their reduction of 0.5% to 1% per annum in lending interest rates compared to the maximum allowed rate of 21% per annum.

The Bank for Industrial and Developmet of Vietnam’s highest lending interest rate is 20% a year while the rate applied to priotised customers is 18.2% a year. The figures were 20.2% a year and 19.5% a year at the Industrial and Commercial Bank of Vietnam respectively.

At Agribank, the figures were 20% and 19.2% respectively while at Vietcombank, they were 20.5% and 19.5% respectively.

The banks said that their reduction of lending interest rates are aimed to sharing difficulties with enterprises and borrowersto promote production and trading activities.


Other Banking News

New ground of interest rates taking shape   2008-09-01

New ground of interest rates taking shape   2008-09-01

Deposit interest rates going down on good news   2008-08-29

Eximbank raises capital base by 14 percent   2008-08-23

Interbank market bustling, interest rates high   2008-08-22

Banks and securities companies at variance over investors’ money   2008-08-21

Foreign shareholdings at local banks not surpass 30 percent: SBV   2008-08-20

Bank shares rise; analysts stay sceptical   2008-08-20

HSBC to install nationwide ATM network   2008-08-20

Foreign ownership cap in banks unchanged, says central bank   2008-08-20

Banks facing increasingly high NPL   2008-08-19

Banks escape consumer credit, finance companies take their place   2008-08-19

Bank shares desired by foreign, refused by domestic investors   2008-08-18

Listed companies report losses – an expected thing   2008-08-18