Commercial banks reduce lending interest rates (01/09)
06/08/2010 - 33 Lượt xem
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.
Source: Nhan Dan
