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Vietnamese commercial banks publish lending interest rates online

0 Comment(s)Print E-mail Xinhua, March 21, 2024
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HANOI, March 21 (Xinhua) -- Vietnamese commercial banks have basically published information on lending interest rates on their websites following the Prime Minister's direction, Vietnam News reported Thursday, citing the State Bank of Vietnam.

The banks have also disclosed the interest rate gap of deposits and loans, as well as the lending interest rates for preferential credit packages, said the central bank.

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is one of the first banks to publicly disclose lending interest rates on its website.

It has the leading lending market share in the banking system with 1.74 quadrillion Vietnamese dong (70.2 billion U.S. dollars).

Other leading banks which have also published the information are TPBank, Vietnam International Bank, Saigon Thuong Tin Commercial Joint Stock Bank, Asia Commercial Bank, An Binh Commercial Joint Stock Bank, Lienvietpostbank and BacABank.

Vietnamese commercial banks are required to disclose information about lending interest rates before April 1 this year. Enditem

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