Bidv makes third adjustment on lending interest rate

30-May-2012 Intellasia | Vietnamplus | 8:11 AM Print This Post

Immediately after the State Bank of Vietnam (SBV) fixed the maximum deposit interest rate in dong for institutions and individuals at credit institutions, starting from May 28, the Bank for Investment and Development of Vietnam (Bidv) adjusted the lending interest rates.

Accordingly, for medium and long term borrowers who fully meet loan requirements and high credit rating (according to Bidv’s credit rating), the lending interest rate will be from 12-13 percent per year.

Short term loans for prioritised borrowers such as agriculture and rural area, small and medium sized enterprises (SMEs), supporting industry and export and loans to overcome natural disaster will apply the lending interest rate of 13 percent per year.

This is the third time since early this year Bidv has adjusted down the lending interest rate to share difficulties with partners, customers and especially good customers who are in need of capital to promote production and business activities.

 


Category: Finance

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