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11 banks mobilize VND with 16 per cent annual interest rate
2008-06-10 13:58:00 Together with AB Bank, SCB, SHB, Gia Dinh, Kien Long, Nam Viet and HD Bank, since June 9 an additional four banks have raised their VND interest rate to above 16% a year. Of these, Nam A Bank hit the highest interest rate of 16.56% a year with a three-month term, applied for customers depositing more than 5 billion... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Raises Key Rate to 14% to Rein in Inflation
2008-06-10 13:03:00 Viet Nam increased the benchmark interest rate for a third time this year to rein in the fastest inflation since at least 1992 and shore up confidence in the currency and stock markets. The State Bank of Viet Nam raised the base rate to 14% from 12% to stabilize the economy, according to a statement on the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Ocean Bank increases savings interest rates
2008-06-10 12:45:00 The Ocean Commercial Joint Stock Bank, OceanBank, has just announced new interest rates for savings deposits in both Viet Nam dong and US dollar which are effective from today June 10, becoming one of the two domestic banks with the highest savings interest rates so far. Accordingly, with deposits in Viet Nam dong of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Banks Use Fees to Set 24% Interest Rates
2008-06-09 08:52:00 Vietnamese banks are using fees to charge borrowers interest rates as high as 24%, exceeding a maximum rate of 18% targeted by authorities, the Viet Nam Investment Review reported, citing the central bank. The State Bank of Viet Nam's policy is that commercial banks' lending rates shouldn't exceed 150% of the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Techcombank raises interest rates for deposits in both dong and US dollar
2008-06-07 14:14:00 Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) has just announced new higher interest rates for deposits in Vietnamese dong with the highest rate hitting 15.8% a year. Accordingly, with one and three month terms, depositors will enjoy an interest rate of 15.35% per year and 15.45% a year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
BSE Sensex closes 198 points lower on high interest rates, surging inflatio
2008-06-06 16:02:00 The Bombay Stock Exchange's (BSE) prime index, the Sensex, plunged 1.25 percent on Friday as fears of surging inflation and central bank's move to impose higher interest rates unnerved the investors.8 Vote(s)
By: Market Buzz
Current Mortgage Interest Rates across the GTA
2008-06-06 12:34:00 The table below shows you the current posted and rates offered by various mortgage brokers across the GTA TERM POSTED OUR RATES* 6 Month 6.20% 6.20% 1 Year 6.15% 4.65% 2 Year 6.15% 4.90% 3 Year 6.15% 4.99% 4 Year 6.59% 5.25% 5 Year 6.65% 5.24% 7 Year 7.40% 5.80% 10 Year 7.75% 5.90% Variable Rate 4.00% Prime Rate 4.75% Enjoy the heat this weekend! Mark Read more about: Interest Rates Power of Sale Properties Price Trends or Search the MLS and more at my website Thank you for reading my ...
Real estate growth impacted due to high interest rates: ICICI
2008-06-06 09:41:00 Leading home loan lender ICICI Bank on Thursday said that growth in the real estate sector has been impacted due to high interest rates and prices but maintained that there was no asset bubble in the sector. “Clearly there is a slowdown in the number of deals …interest rates have gone up from eight per cent ...
Techcombank raises deposit rates in dong and US dollar
2008-06-06 02:16:00 Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) announced to raise the deposit rates of both dong and US dollar whereby the dong deposit rate was increased to 15.8% per annum. Deposits with terms of 1-3 months carry an interest rate ranging 15.35-15.45% per annum, 6-12 months at 15.55% per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Military Bank applies maximum deposit rate of 15.2% per year
2008-06-06 02:15:00 From June 3, Military Commercial Joint Stock Bank (MB) officially adjusted dong deposit rates whereby the new interest rate was raised by 0.7% to 1% per year for all terms. In particular, the maximum deposit rate of 15.2% per year is applied on terms of 12 months and 24 months, from 3, 6 and 9 months 15.1% per year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Interest rates soar while mortgage applications drop
2008-06-05 17:00:00 Another sign that the mortgage industry has a long way to go before it gets back on its feet is the fact that mortgage application volume fell 15.3% during the week ended May 30. The trade group Mortgage Bankers Association?s weekly application survey also reported that the application index fell to 502.3 during that week.
June 2008 GM Rebates and 0% Interest Rates
2008-06-05 06:44:00 There are several changes to the low interest, namely the 0% interest on select vehicles.Pontiac G5 is 0% for 60 months or $2000 rebatePontiac G6 is 0% for 60 months or $2000 rebatePontiac Vibe is 0% for 60 months or $2000 rebatePontiac Torrent is 0% for 60 months or $2000 rebatePontiac Solstice and Pontiac G8 have 5.9% low interest or $1000 rebate on Solstice or $500 rebate on Pontiac G8.Buick LaCrosse is 0% for 60 months or $1000 rebate and $1000 loyalty cash.Buick LuCerne is 0% for 60 months or $1000 rebate and $1000 loyalty cash.GM $500 Conquest Cash back on 2009 Pontiac Vibe, GMC Acadia, or 2008 Buick Enclave--this is for owning a 99 or newer non-GM vehicle.Lease pull ahead program for GM leased vehicles. 2 payments waived until the end of June--$2000 purchase downpayment.College Grad Program---Supplier Pricing until 9-30-08.Looking for a New Car? Get A Quote. Quick. FREE; Save Money and time!These are the incentives that stood out, but be sure to contact your local dealer for ...
Banks still running interest rate race
2008-06-04 12:02:00 Banks are struggling to match up to the returns gold and foreign currencies are providing despite offering benchmarks as high as 15%. VND deposit interest rate increases, still outstripped by inflation Banks have been finding it tough to secure capital since the beginning of the year, as investors look to other... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Gold deposit interest rates more and more attractive
2008-06-02 13:07:00 Previously, people only made deposits in VND or dollars, while they bought gold just to keep under their pillows as a kind of asset. However, the situation is quite different now: people are rushing to make deposits in gold, while banks are trying to attract gold deposits. Statistics show that since 1988, SJC alone... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Lowest auto loan interest rates
2008-06-02 11:56:00 autoloajah’s Xanga SiteAUTO advance … for the Kansas metropolis show auto loan went on sale for face help … loan amortization calculator curiosity rate. bad credit personal bank loans … If you demand to find the lowest auto loan interest rates then you need day and patience. If you are just in the planning stage ...
By: New Car Loan
Ripples from Vietnamese interest rates reach Malaysia
2008-06-01 13:11:00 Shares of Malaysian property developers sank Saturday on concern their sales in Viet Nam will be eroded by higher borrowing costs. Gamuda, Malaysia?s third-biggest builder by stock market value, Saturday tumbled 18% to 2.45 ringgit, its steepest decline in more than a decade. Malaysian developers, including Gamuda,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bank of America Las Vegas Mortgage Interest Rates
2008-06-01 06:31:00 Bank of America Las Vegas Mortgage Interest Rates ******************CONFORMING MORTGAGES**************** Product Rate APR Points Monthly payment Per $1,000 3/1 ARM 5.500% 5.730% 1.000 $5.68 5/1 ARM 5.375% 5.680% 1.000 $5.60 30 Year Fixed 6.125 % 6.380% 1.000 $6.08 15 Year...
Dong A bank raises deposit interest rates
2008-05-31 19:09:00 Eastern Asia Commercial Joint Stock Bank (Dong A Bank - EAB) on Friday raised its deposit interest rates, the HCMC-based lender said in a press release. The bank said it was offering an interest of 14.28 percent per year for deposits of two years or less. For checking accounts, Dong A offers 4.8% per year on deposits... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Mortgage Interest Rates This Week
2008-05-30 06:00:00 Mortgage Rates Widget Historical Mortgage Rates Mortgage rates on 30 Year Arms and 15 Year Arms jumped up this rate. 30 Year Mortgage Rates went from 5.98 to 6.08 and 15 Year rates went fom 5.55 to 5.66. Rates on 5 and 1 year ARMS remained relatively unchanged. May 29,2008 30-yr 6.08 15-yr 5.66 5-yr ARM 5.62 1-yr ARM 5.22 May 22,2008 30-yr 5.98 15-yr 5.55 5-yr ARM 5.61 1-yr ARM 5.24 May 15, 2008 30-yr 6.01 15-yr 5.60 5-yr ARM 5.57 1-yr ARM 5.18 May 8, 2008 30-yr 6.05 15-yr 5.60 5-yr ARM 5.67 1-yr ARM 5.29 May 1, 2008 30-yr 6.06 15-yr 5.59 5-yr ARM 5.73 1-yr ARM 5.29 So using our free mortgage calculator lets see what these numbers translate into for a 200k mortgage. May 29th 30-yr $1209.4 15-yr $1651.19 5-yr ARM $1150.68 1-yr ARM $1167.36 May 22th 30-yr $1196.53 15-yr $1639.47 5-yr ARM $1149.41 1-yr ARM $1103.16 Since the FED has signaled that they are not going to continue to cut rate I expect rates to go higher over the course o...
Sacombank strives to stabilise interest rates
2008-05-30 03:59:00 Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) recently announced that from May 28, it officially applied the new deposit rate benchmark throughout the network hereby 13-month term deposit of dong will get the interest rate of 14% per year (1.167% per month) and less than 12 months from 14.1% to 14.4% per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Oriental Bank's interest rates raised to 15.36% per year
2008-05-30 03:51:00 From May 28, Oriental Commercial Joint Stock Bank (OCB) officially applied the new deposit rate benchmark whereby 12-month term deposits of dong will get the interest rate of 15.36% per year (1.28% per month). At the same time, OCB's dong deposit rates also were increased by 0.07% per month in comparison with the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Mortgages That Attract Homebuyers
2008-05-29 16:29:00 Do great rates and great service fail to impress you? Well you are not alone. We are in a time where you need to find out who can create value with their services and ideas. And what I mean by value is, attracting customers. A good number of investors plan to sell their property at some point and awareness of loan programs can help your potential sell. Here are a few loans of value over the last few years: 100% purchase, non-owner, stated income, interest only 1% pay option ARM 100% cash out refinance 100% Jumbo Loans There is great debate on whether these loans are good loans, but few can argue these loan did attract customers for Realtors, Builders, and Mortgage Companies. What are the next generation of loans to attract customers? 3-2-1 buy-down PITI Abatement FHA/VA My Community Credit Repair One might say that 2008 is the year of government backed mortgages. All the loans high lighted above are directly tied to the government through Fannie Mae, Freddie Mac or FHA...
New Interest Rates for Variable Rate Federal Loans
2008-05-29 11:58:00 efficacious July 1, 2008… Variable proportion Stafford credit disbursed prior to July 1, 2006, that is IN beauty (IG) = 3. 6% Variable rate Stafford loan disbursed prior to July 1, 2006, that is IN REPAYMENT (RP) = 4. 21% Variable rate mother plus loan disbursed prior to July 1, 2006 = 5.01% * note that any Stafford and PLUS loan ...
Interest Rates and the Credit Crunch
2008-05-29 07:00:00 In Greek mythology, the hydra was a beast that, when one of its many heads were severed, would grow new heads in their place. The sub-prime mortgage crisis has developed in a similar fashion, initially appearing to be constrained to a sector of unworthy credit borrowers who likely didn’t have the financial ability to own ...
By: Resources zone
How lowered interest rates affect mortgage rates
2008-05-29 02:33:00 The Federal Reserve has been lowering rates to bail out the economy. Does this mean that that mortgage rates will fall? Here's how Tim Harris and Julie Harris, the founders of Harris Real Estate University see it. In some cases yes, in most cases no...read on. Lets start with the 30-year fixed rate mortgage. The 30-year fixed rate mortgage is not tied to short-term treasuries. Fixed mortgage rates are tied to long-term bond yields that move based on the outlook for the economy and inflation. True, even as the Fed has lowered rates, the 30-year fixed has come down, but that's because of the outlook for slower economic growth in the months ahead. While the decline in treasury yields has helped push mortgage rates lower, the decline in long term rates hasn't been in lockstep thanks to the fact that these mortgages are securitized and sold on the global market. Investors now demand a higher risk premium on these mortgages due to higher delinquenci...
Dong A Bank increases gold deposit rates
2008-05-28 10:08:00 Eastern Asia Commercial Joint Stock Bank (DongA Bank - EAB) recently officially applied new interest rate benchmark of gold deposits. In comparison with the previous interest rates, the newly rates increased by 0.54-1.74% as for SJC gold and from 0.6% to 1.74% for PNJ-DAB gold. Accordingly, six-month term will get... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
ACB raises deposit rates of US dollar and gold
2008-05-28 10:01:00 From May 26, Asia Commercial Joint Stock Bank (ACB) officially increased the interest rates in all terms of both US dollar and gold deposits. In particular, according to the newly interest rate benchmark, customers with 13-month deposit worth from US$7,000 to US$30,000 will get the highest interest rates of 7.15% per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
No change in interest rates: Kamath
2008-05-27 16:05:00 ICICI Bank chief executive officer and MD K V Kamath on Tuesday said that there is no need to alter interest rates since the demand for credit is not high.10 Vote(s)
By: Market Buzz
Banks get ultimatum
2008-05-27 15:23:00 The State Bank has warned commercial banks which set mobilisation interest rates ?too high? could be punished. Early last week, after the State Bank released new regulations on interest rate management which allowed commercial banks to set mobilisation and lending interest rates not exceeding 150% of the State Bank?s... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Banks, borrowers struggle with tighter credit
2008-05-27 13:57:00 The recent move by the State Bank of Viet Nam to raise the prime rate to 12% means that commercial banks are allowed to charge customers up to 18% interest on individual or commercial loans. "An 18-per-cent lending rate is unsustainable for small- and medium-sized enterprises that operate on profit margins of only... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Ceiling interest rate removed, banks? capital profuse
2008-05-26 12:16:00 With higher interest rates, banks? coffers are now brimming with money to lend, which means that from now, banks can resume pumping capital into the national economy. More money flowing into banks Last week, banks continued raising the interest rates of gold and VND deposits. Some banks raised interest rates two or... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Dong funds build up as rates rise
2008-05-26 11:57:00 Commercial banks in Viet Nam have started building up surplus funds in the Vietnamese dong (VND) as higher deposit rates lure depositors but are still short of dollar funds, bankers said on Monday. Last Monday, Vietnamese banks raised interest rates after the central bank removed a 12-per cent ceiling on dong deposit... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How To Get Credit Cards with Low Interest Rates Posted By : Gordon Goodfell
2008-05-26 03:30:00 Ever wondered how to get credit cards with low interest rates? This article examines some of the resources you should definitely be using, all of them free, to get cards with low or even 0 interest rates. Setting financial goals helps direct financial planning. Examples of financial goals are: "To retire at age 50 with a personal net worth of $800,000 American," or "To buy a house in 3 years paying a monthly mortgage servicing cost that is no more than 25% of my gross income". It is not uncommon to have several goals, some short term, and some long term. Read more about finance.
Mortgage Interest Rates This Week
2008-05-24 23:12:00 Mortgage Interest Rates Historical Mortgage Rates Mortgages rates fell this week for 30 Year loan (6.01 to 5.98) and 15 year rates (5.6 to 5.55). Rates on 5 and 1 year arms increased (5.57 to 5.61 and 5.18 to 5.24) respectivly. Another interesting point is that 30 Year rates have now fallen for 4 weeks in a row which is an encouraging sign although it would be nice to have seen rates fall a little more. May 22,2008 30-yr 5.98 15-yr 5.55 5-yr ARM 5.61 1-yr ARM 5.24 May 15, 2008 30-yr 6.01 15-yr 5.60 5-yr ARM 5.57 1-yr ARM 5.18 May 8, 2008 30-yr 6.05 15-yr 5.60 5-yr ARM 5.67 1-yr ARM 5.29 May 1, 2008 30-yr 6.06 15-yr 5.59 5-yr ARM 5.73 1-yr ARM 5.29 So what would these rates translate into for a mortgage. Using our free mortgage calculator lets run some numbers. Using our free mortgage calculator lets run the numbers on a 200k Loan May 15th 30-yr $1196.53 15-yr $1639.47 5-yr ARM $1149.41 1-yr ARM $1103...
Southern Bank increases US dollar deposit rates
2008-05-24 04:54:00 After one day from hiking the gold saving rate, Southern Bank continued raising the US dollar deposit rate for individual customers with a plus of 0.5-1% per annum. In addition, the bank applied extra short-terms of 1, 2 and 3 weeks. Especially, the interest rate of demand payment deposit is 1.6% pa. With this, the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
VPBank releases new deposit rate benchmark
2008-05-24 04:53:00 VP Bank reported that it officially issued the new deposit rate benchmark, marking the bank's first move after the State Bank released the Decision No 16/2008/QD-NHNN taking effects from May 19, 2008. Under it, the highest dong deposit rate of 15% per annum is for a term of six months and that the highest US dollar... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Banks pushing deposit interest rates
2008-05-24 04:52:00 Deposit interest rates boomed right when the State Bank of Viet Nam officially removed the ceiling deposit interest rate. After two days of applying the new interest rate mechanism, deposit interest rates seemed to be relatively stable, ranging some 14-15% a year for 12-month terms. However, interest rates for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Commercial Banks rush to lift interest rates
2008-05-22 15:18:00 Commercial banks pushed up deposit interest rates on May 21, to above 15% per annum just two days after the State Bank of Viet Nam announced new interest rate regulations based on the newly imposed 12% basic interest rate. Saigon-Hanoi Commercial Joint Stock Bank (SHB) said as from of May 21, its depositors will... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bank of Japan keeps interest rates steady amid worries about global slowdow
2008-05-22 00:00:00 {mosgoogle right}TOKYO (AP) -- Japan's central bank kept interest rates steady Tuesday as widely expected amid lingering worries about a global slowdown.The policy board was unanimous in keeping the benchmark overnight call rate unchanged at 0.5 percent at the end of a two-day meeting, according to the Bank of Japan.Soaring gas prices, rising material costs and signs of slower global growth are weighing on the world's second-largest economy, which depends heavily on expo ...
Why the fixation on inflation when setting interest rates these days?
2008-05-21 16:41:00 In times gone by, getting inflation down was always considered to be a “good thing” and it still is but the problem is that the underlying reasons for inflation these days are quite different from those a few years ago. Nowadays, inflation is largely driven by the oil price either directly through increasing the cost of ...
Capital jumping from stock market to banks
2008-05-21 12:52:00 With the expected interest rates of 14-15% per annum, making bank deposits proves to bring satisfactory profit with no risks. That explains why money is leaving the falling stock market for banks. Thanh went to the securities company on Ly Thai To street in Hanoi early this morning to draw VND100mil out of his... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
High interest rates may make banks ?unprofitable?
2008-05-21 12:49:00 Bank interest rates have witnessed a new record high of 16.92% per annum. With the interest rate, banks will struggle to make profit as the maximum lending interest rate is capped at 18% per annum. Barrier removed, banks raise interest rates at will On May 20, VIB Bank and Military Bank announced new interest rates... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Halifax cuts some rates!
2008-05-20 15:00:00 From tomorrow Halifax are reducing their 3 and 5 year Product Transfer fixed rates by 0.1 or 0.2% and their 3 year tracker rate by 0.2%. In addition they are increasing the maximum loan size on the tracker up to 75% LTV from £500,000 to £2m. These Product Transfer rates are only available to existing customers coming to the end of a deal but I think Halifax will have a very large number of borrowers coming to the end of a deal on 31/7/08 because they were offering some extremely competitive fixed rates 2 years ago - 4.69% for purchases and 4.79% for remortgages, both with a fee of only £499, and a market leading 2 year tracker at Bank Rate - 0.11%. This suggests that, unlike some lenders, they are keen to retain as many borrowers as possible.
Cut Interest Rates and Save Lot of Money with Auto Loan Refinancing
2008-05-20 12:56:00 Adam Boulton " The key benefits of auto refinancing are that it carries a lower interest rate than the existing one, reduces the monthly outgoing of money and saves a lot of money. This article discusses in details how one can gain a lot by going for a auto loan refinancing. " If the existing auto loan is problematic with high payments, refinance auto loan can be a way out. In such cases, advanced auto loan can be availed of. Refinancing of an existing auto loan is paying the remaining balance of the loan and avail a new loan from the same lender or another lender. Auto loan refinancing should be according to one's specifications. When given these specifications, advanced auto loan helps to locate the deal, which has the expertise in arranging auto loan according to specifications. Therefore advanced auto loan helps to refinance with a low rate of interest. read more
Depositors flock to enjoy higher interest rates
2008-05-20 07:38:00 Banks on May 19 rushed to lift deposit interest rates to around 14% per year in an attempt to attract more clients. At the same time, depositors kept banks tellers busy as they took advantage of the offer. Two sound joint stock banks listed on the local stock market had already moved up their deposit rates. Sai Gon... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Talks About Inflation and Interest Rates Will be on the Front Burner This W
2008-05-19 19:00:00 You can bet there will be a lot of discussion about interest rates this week, thanks to the release of the producer price index (PPI) report tomorrow (Tuesday) and the U.S. Federal Reserve meeting minutes on Wednesday. The PPI report will undoubtedly rekindle the inflation-versus-recession debate (with more than a few comments about stagflation thrown in for good measure). While the wholesale inflation gauge (PPI) provides another look into how escalating food and energy prices are impacting the economy, the most recent moves in oil and gas may not be factored in for another month or two. On an optimistic note, gasoline prices historically peak around Memorial Day and then fall throughout the remainder of the summer. As we’ve said here a number of times before, don’t expect that pattern to repeat itself this year. In a recent column, we told you to ignore a U.S. Energy Department forecast that gasoline prices at the pump would reach $3.73 a gallon before falling. In fact, I said...
By: Jutia Group
Viet Nam raises interest rates to fight inflation
2008-05-19 14:14:00 Viet Nam raised interest rates from Monday in a move that aims to tackle double-digit inflation by strengthening the dong, the local currency, putting money into banks and reducing credit growth. The State Bank of Viet Nam increased its base rate to 12% from 8.75%, and allowed commercial banks to offer depositors... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Banks raise rates after c.bank removes cap
2008-05-19 06:27:00 Banks boosted interest rates on Monday after the central bank abolished a 12-percent ceiling rate on dong deposits and raised three interest rates over the weekend to fight double-digit inflation. The cap was imposed in February to stabilise the market after banks started bidding aggressively for deposits following a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Lending squeeze
2008-05-18 10:54:00 Want a bank loan? Be prepared for costly extra fees on top of towering interest rates. Amid the credit crunch, would-be borrowers not only have to worry about being rejected or high interest rates, they also have to worry about surprise fees like ?capital arrangement? and ?credit management? charges. Phuong, from Ho... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Raises Its Benchmark Interest Rate to 12%
2008-05-17 14:40:00 Viet Nam will raise its benchmark interest rate, lifting the maximum return that commercial banks can offer depositors to 18% a year, the Southeast Asian nation's central bank said. The State Bank of Viet Nam will increase the base rate to 12% from 8.75% on May 19, according to a statement released in Hanoi today.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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