LienVietBank issues bills of exchange in US dollars

Lien Viet Commercial Joint Stock Bank (LienVietBank) has officially issued short-term, identified bills of exchange in US dollars, starting from June 24, 2010. The minimum face value of those bills is $500. The highest coupon rate was posted at 5.15 percent per year for deposit term of 364 days.

The customers can use the LienVietBank’s bills of exchange for purposes of mortgage, or transferring to the third party with simple procedures. The applied coupon rate was considered most attractive in the market at present.

At the same time, the bank decided to adjust the interest rates to be applied for all the fix-termed savings and deposit products in LienVietBank’s network. Accordingly, the highest interest rates would be 11.5 percent pa for deposits in dong and 5.25 percent pa for those in US dollars (for deposit term of over 24 months).

LienVietBank’s general director said that in the near future, the bank would introduce to public new products of X-pay mobile banking, that allows the customers to make transactions, checking the account balance, bill payment via mobile phone.

Tags: LienVietBank, US dollars, Vietnam finance, Vietnam financial

Posted by VBN on Jun 28 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