Vietcombank offers preferential rates to overcome difficulties

May 28th at 15:21
28-05-2012 15:21:38+07:00

Vietcombank offers preferential rates to overcome difficulties

Vietcombank has been providing VND2 trillion (US$95.2 million) in loans with a preferential interest rate to individuals and households from May 21 to September 21 to overcome difficulties in the context of the economic downturn.

Eligible borrowers could be given a rate of 14 per cent for household purchases, building and repairs.

Vietcombank has also offered an interest rate reduction programme in four areas including agriculture, export projects, small-and medium-d enterprises and supporting industries, with a rate of 12 per cent per year.

vietnamnews



NEWS SAME CATEGORY

Vietnam c.bank cuts repo rate to 11 percent

Vietnam's central bank reduced the reserve repurchase rate used in open market operations (OMO) to 11 percent from 12 percent on Monday, following cuts announced...

Bad debt plagues financial sector

While the State Bank of Vietnam (SBV) has claimed the country’s ratio of bad debts increased to 3.6% by the middle of April, other studies claim the figure could be...

Vietnam central bank dispels coin recall rumor

The State Bank of Vietnam (SBV) has yet to issue any directive on recalling the Vietnam dong coins, Le Thi Thanh Hang, deputy director of the SBV’s branch in Ho Chi...

BIDV to launch e-banking services

The Bank for Investment and Development of Viet Nam (BIDV) will reveal its debut e-banking service this June with many outstanding features and the application of...

SBV slashes ceiling interest rates by 1%

The ceiling interest rate for deposits in dong with terms of one month up will be cut from 12 to 11 per cent per year from next Monday, under a State Bank of Viet...

Hanoi branch of Industrial and Commercial Bank of China Limited allowed to do factoring

The State Bank of Vietnam (SBV) issued Decision No. 1033/QĐ-NHNN on May 18 to permit the Hanoi branch of the Industrial and Commercial Bank of China Limited to add...

VietinBank opens branch in Berlin

Six months after opening a subsidiary in Frankfurt, Germany, the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has completed all...

Bank inks deal with IFC, BNP Paribas

Orient Commercial Bank (OCB), the International Finance Corporation (IFC) and French banking giant yesterday signed an agreement for a credit facility of US$25...

AIA Vietnam expands footprint in Vietnam

From May 15 to 23, 2012, AIA Vietnam Life Insurance Company Limited (AIA Vietnam) officially opened four new general agency offices in two south-central Khanh Hoa...

VN's growth rate to fall to 5.7% this year

Viet Nam's economic growth this year is expected to reach around 5.7 per cent before increasing to 6.3 per cent next year while year-end inflation is forecast to...

Bank stocks

Insurance stocks


MOST READ


Back To Top