Bank lending interest rates will be cut at appropriate time: SBV chief

Bank lending interest rates will be cut at appropriate time: SBV chief

Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).
Commercial banks have simultaneously reduced deposit interest rates, expecting to stimulate credit demand

Commercial banks have simultaneously reduced deposit interest rates, expecting to stimulate credit demand

On April 3, 2023, the interest rates ceiling for non-term and term deposits under 6 months according to the new regulations of the State Bank of Vietnam (SBV) have been applied
Lending interest rates need a delay to reduce substantively and deeply

Lending interest rates need a delay to reduce substantively and deeply

VCN - According to a report by the Ministry of Planning and Investment, credit growth only increased by 0.77% by the end of February 2023, less than one-third of the credit growth rate in the same period last year.
Expecting a wave of interest rate cuts to support enterprises

Expecting a wave of interest rate cuts to support enterprises

In the last days of November, some commercial banks suddenly announced they would reduce lending interest rates.
Lending interest rates are under increasing pressure

Lending interest rates are under increasing pressure

Banks have continued to increase the highest deposit interest rate up to 1%/year.
Sixteen banks reduced more than VND15,500 billion in lending interest rates

Sixteen banks reduced more than VND15,500 billion in lending interest rates

The total amount of accumulated reduced interest from July 15, 2021, to October 31, 2021, of sixteen banks is about VND15,559 billion, reaching 75.48% compared to the commitment.
Worries about credit standards with increase of bad debts

Worries about credit standards with increase of bad debts

A major worry of the banking sector for the whole of 2021 is the increase of bad debt, especially when there are many potential bad debts under restructuring.
Bank profits increased sharply, potentials for decrease in lending interest rates

Bank profits increased sharply, potentials for decrease in lending interest rates

VCN - The financial foundation is increasingly improving and supporting growth, so in 2018, the task of macroeconomic stability will be facilitated.
Interest rate has many chances to decrease from now to the end of year

Interest rate has many chances to decrease from now to the end of year

In the last months of year 2017, the reduction of interest rate has received many supports from domestic and internationals.
If  well managed, interest rates will be stable

If well managed, interest rates will be stable

VCN- At the seminar on "the Roadmap for interest rates in 2017" held on March 28, 2017 banking experts gave the reason for raising interest rates on deposits over the past time, especially some of the banks issued long-term certificates of deposit with ve
Duality of interest rate ceiling removal

Duality of interest rate ceiling removal

(VCN - New regulations on lending activities were more loosened by the State Bank of Vietnam (SBV) of lending rates.
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