VPBank deposit boost

17-Sep-2005 Intellasia | 16/Sep/2005 Nguoi Lao Dong | 8:34 AM Print This Post

Deposits of Vietnam Bank for Private Enterprises (VPBank), particularly from economic organisations and residents, have strongly grown according to VPBank.
Total deposit balance of VPBank by September 13 reached more than 4.4 trillion dong. Compared to deposit balance by August 1 when VPBank started launching a lottery-based deposit promotion programme called “happy with VPBank’s birthday”, total deposit balance from economic organisations and residents increased by more than 200 billion dong. At the same time, if compared with deposit balance by August 25 when VPBank boosted deposit interest rates, total deposit balance from economic organisations and residents was up by more than 80 billion dong. Particularly, Hanoi, HCM City, Hue and Can Tho City recorded the highest growth of deposits.
Presently, VPBank is introducing many attractive deposit products such as dong deposits secured by US dollar, dong deposits compensated by US dollar, flexible principal withdrawal deposits, progressive interest rate deposits and so forth.
Since June so far, VPBank has twice boosted its deposit interest rates for all kinds of deposits whereby VPBank is always among banks with the most attractive deposit interest rates in the market.


Category: Finance

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