Vietnam private lender Bac A Bank’s Q3 pre-tax profit plunges 73%

Vietnam private lender Bac A Bank’s Q3 pre-tax profit plunges 73%

Vietnamese private lender Bac A Bank posted a 73% year-on-year decline in its pre-tax profit to VND77 billion ($3.15 million) in the third quarter of 2023, it lowest quarterly level since Q3/2015, according to its financial statement.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates below 8% at all Vietnam banks

Deposit interest rates below 8% at all Vietnam banks

Interest rates on 12-month deposits have fallen below 8% at all commercial banks in Vietnam following Prime Minister Pham Minh Chinh’s call for lower rates on loans.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Commercial banks reduce deposit interest rates by 0.2-0.5 percentage points

Commercial banks reduce deposit interest rates by 0.2-0.5 percentage points

Commercial banks have agreed to reduce their deposit interest rates by 0.2-0.5 percentage points from Monday, the State Bank of Vietnam said in a statement.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates surge, approach 9% a year

Deposit interest rates surge, approach 9% a year

After breaking the 8% threshold two weeks ago, deposit interest rates in many banks have exceeded 8.5% and are approaching 9%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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