Banks agree on mobilisation interest rates

After 14 days of reducing the mobilisation interest rates, most of the Vietnam Banking Association’s (VNBA) members have set a new ceiling interest rate of 11 percent per year, posted on Vietnam government’s website on September 17.

Lending interest rates tend to go down

The general Secretary of the VNBA just introduced a legal document for the application of mobilisation interest rates as agreed by VNBA members.

According to VNBA, the new interest rates are more reasonable, and in the monetary market, lending interest rate has started to go down.

For the safety and effective operation of the banking system, VNBA calls on its members to continue to apply seriously the agreed mobilisation interest rates.

Tags: vietnam bank, Vietnam finance, Vietnam financial, Vietnam interest rates

Posted by VBN on Sep 17 2010. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry