Nam A Bank reduces loan interest rates to 2.6%/year

This activity aims to accompany customers to promote production and business activities, contributing to supporting customers to serve consumer needs in the last months of the year as well as promptly implementing the policies of the State Bank of Vietnam (SBV).

Since the beginning of 2023, the Government and the State Bank have implemented a series of measures in managing monetary and credit policies. Accordingly, the State Bank has issued and implemented synchronous programs and solutions to remove difficulties and create favorable conditions for businesses and people to stabilize production and business.

Nam A Bank has repeatedly adjusted lending interest rates to support people and businesses.

The State Bank of Vietnam has also continuously adjusted down the operating interest rates four times by 0.5 - 2% in the context of the world interest rates continuing to increase and remain at high levels. Thereby, continuing to orientate the reduction of the market lending interest rate level, increasing the ability of businesses and people to access capital.

In order to promptly implement this orientation, in recent times, commercial banks have proactively adjusted and implemented preferential credit programs and packages to reduce lending interest rates by about 0.5 - 3%/year.

Accordingly, Nam A Bank has continuously implemented sharp reductions in lending interest rates to share and accompany businesses and people in the context of many challenges in the domestic and global economy. At the same time, it has promptly implemented the State Bank's management policies in a synchronous and effective manner.

Specifically, most recently, this Bank announced the implementation of adjusting the lending interest rate margin, with a reduction of up to 2.6%/year for existing individual customers borrowing at Nam A Bank. In addition, Nam A Bank also implemented many measures such as digitizing operations, reducing operating costs, thereby creating room to reduce lending interest rates.

Nam A Bank representative said: “ The end of the year is the time when businesses and people accelerate their business and consumption activities. It is expected that Nam A Bank will continue to reduce interest rates and implement incentive programs in the coming time to share difficulties with customers, accompany businesses and people to promote production, business, and improve the quality of life ”.

Source: https://www.congluan.vn/nam-a-bank-giam-lai-suat-cho-vay-den-26-nam-post264604.html