Will Prioritize Credit Criteria With Banks Reducing Interest Rates In Essentials

The SBV has just issued Official Letter No. 5901 / NHNN-TD on the implementation of interest rates, and free banking services to assist customers affected by Covid-19 translation. Accordingly, the SBV requires the implementation of interest rate reduction programs, reducing service fees to ensure that it is essentially, effective, with specific results 9: 00/0: 00 Southern replications, the SBV requires the owner Chairman of the Board of Directors, General Director of credit institutions shall comply with consensus to reduce lending interest rates according to the plan registered with the Vietnam Banking Association. This aims to keep the prestige of every bank and the whole industry in front of people, businesses and society. "The implementation of interest rate reduction programs, reducing service fees need to ensure essence, efficiency, results Specifically

. At the same time, specific information on interest rate reduction policies, reducing service fees for customers to know and access the Bank's support policies "- SBV requires. Notably, policies for reducing lending interest rates, exemption from commercial banking fees must report periodic implementation results every month to the SBV.NCNN will publicly announce the results of reducing commitments Interest rates and fees of each bank and strengthen monitoring by many measures
On the supervision of the implementation of interest rate reduction, this fee, the SBV will consider and have policies to encourage or limit one The number of contents in the bank's credit activities in 2022. From now until the end of the year, the SBV also states that periodically review and review the adjustment of credit growth targets for each credit institution on the mechanical Department of financial capacity and healthy credit growth capacity, which prioritizes banks reducing lending interest rates. New, under the direction and direction of the State Bank, Vietnam Banking Association Organize a meeting of 16 credit institutions and voluntarily commit to commit solutions to support the economy, with loan interest sources will be reduced by about VND 20,300 billion Now until the end of the year, the banking scale. Particularly 4 large state-owned commercial banks are Vietcombank, Vietinbank, Agribank and BIDV in addition to the general support package agreed to agree every bank fell 1,000 billion dong of interest rates for enterprises and people in Ho Chi Minh City, Binh Duong and localities face the most difficult due to Covid-19 translation, which are taking ways to stretch and prevent translation according to Directive 16 / CT-TTg.

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