ACB adjusts lending interest rate for customers

Since July 15, 2012, Asia Commercial Joint Stock Bank (ACB) has started adjusting down the lending interest rate for old loans to the maximum 15 percent per year.

Till July 20, 2012, there have been tens of thousands of loans of customers at ACB with a total loan value of nearly 18 trillion dong being applied the lending rate of from 15 percent per year or less. ACB is still continuing to consider lowering the lending interest rate for borrowers gradually.

Earlier, Vietnam Prosperity Commercial Joint Stock Bank (VPBank) also reduced the lending interest rate to the maximum 15 percent per year for nearly 400 old loans worth over 460 billion dong in two days July 15 and 17.

 

Category: Finance