Banks asked to lower lending interest rates
illustration photo
The State Bank of Vietnam said on Mar. 22 that this move aims to effectively implement the Government’s Resolution No. 1 issued on January 3 on key measures to carry out socio-economic development plans and State budget estimates in 2012.
Accordingly, five commercial banks including the Vietnam Bank for Agriculture and Rural Development (Agribank), the Vietnam Joint Stock Commercial for Industry and Trade (Vietinbank), the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Bank for Investment and Development of Vietnam (BIDV) and the Housing Bank of Mekong Delta (MHB) will have to cut operations coast by between 5-10 per cent.
At the same time, these banks will implement their 2012 business plans in line with the Government and State Bank’s orientation and measures on monitoring monetary policy and banking operations.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Related Contents
Latest News
More News
- Brand growth solutions in the banking sector (September 05, 2024 | 14:00)
- Aquaculture stocks lean to speculative (September 05, 2024 | 11:27)
- Citi appoints new head of Financing for Investment Banking (September 04, 2024 | 18:03)
- BAC A BANK enhances options for young enterprises (September 04, 2024 | 09:47)
- Bad debt risks make banks switch focus (September 04, 2024 | 08:00)
- The prospects for foreign exhange market for rest of 2024 (August 31, 2024 | 21:52)
- Addressing legal gaps for resolving non-performing loans (August 31, 2024 | 21:47)
- CASA ratio assessment for first half of 2024 (August 31, 2024 | 21:41)
- Reference exchange rate continues going up (August 30, 2024 | 10:33)
- Banks still counting profit from securities trading (August 29, 2024 | 19:06)
Mobile Version