Banks agree on mobilization interest rates

VNGOP - After 14 days of reducing the mobilization interest rates, most of the Việt Nam Banking Association’s (VNBA) members have set a new ceiling interest rate of 11% per year.

April 21, 2008 7:08 AM GMT+7

Lending interest rates tend to go down

The General Secretary of the VNBA just introduced a legal document for the application of mobilization 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 mobilization interest rates.

By Văn Thừa