VietinBank reduced interest rate cap

VietinBank has adjusted interest rate ceilings term VND 12-36 months for individual customers only 6.0% / year

Implement measures to remove difficulties, economic development under the direction of Government and the State Bank of Vietnam, VietinBank reduce interest rates, facilitating lower interest rates in order to share difficulties with businesses (DN), support businesses reduce capital costs, recovery and development production and business development, especially in the last months of 2014 when the credit needs of businesses increasing. Beginning on 11.27.2014 the VND interest rates for individual customers with maturities of less than 36 months of highest VietinBank is only 6.0% / year.Along with that, there are VietinBank deployed many short-term credit packages with preferential interest rates for businesses.

From early 2014 until now, has deployed 12 VietinBank loan package worth nearly 230,000 billion with an average balance over time up to 80.000 billion, the interest rate of 5% minimum program, for enterprises of many different areas, contributing support for businesses to overcome difficulties in the capital, stable production and paving business continues to grow.

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