VietinBank cuts lending interest rates

Vietnam Joint Stock Commercial Bank for Industry and Trade or VietinBank has just lowered its lending interest rates by 0.5 per cent per annum.

Particularly, lending interest rate for agriculture and rural development will be 16.3 per cent per annum, and for business loans will be 17 per cent per annum.

If clients are able to show that their businesses are effective, VietinBank will offer lower lending rates depending on each sector.

After rate cuts, the lowest lending rate at VietinBank will be 15.5 per cent per annum.

Related article:

Firms welcome lending interest rate cuts

By M.T – Translated by Thuy Doan

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