Milanista1984
04-03-2009, 05:34 PM
Eighty-five banks, participating in the Government’s
interest rate subsidy programme, extended loans totaling more than 93
trillion VND to individuals and organisations in February, the State
Bank of Vietnam has reported.
This sum included 72.62 trillion VND from State
commercial banks, 18.85 trillion VND from joint stock commercial banks,
and the remaining 1.54 trillion VND from foreign banks and joint
venture banks.
According to the State Bank of Vietnam (SBV), the
Government’s interest rate subsidy programme is a stimulation measure,
suitable to the requirements of the national economy.
The programme has given practical assistance to
organisations and individuals, helping them to weather the current
financial storm, while assisting commercial banks in addressing trapped
capital and expanding the scope of their credit programmes and customer
bases.
The SBV has supervised commercial banks’ execution of
the scheme to ensure it has been carried out smoothly, openly, and
transparently.
The banking regulator affirmed that the freezing of
deposit interest rates at an appropriate level has helped to stabilise
the monetary market.
“The monetary market and interest rates continue to be stable,” noted an SBV spokesman./.
interest rate subsidy programme, extended loans totaling more than 93
trillion VND to individuals and organisations in February, the State
Bank of Vietnam has reported.
This sum included 72.62 trillion VND from State
commercial banks, 18.85 trillion VND from joint stock commercial banks,
and the remaining 1.54 trillion VND from foreign banks and joint
venture banks.
According to the State Bank of Vietnam (SBV), the
Government’s interest rate subsidy programme is a stimulation measure,
suitable to the requirements of the national economy.
The programme has given practical assistance to
organisations and individuals, helping them to weather the current
financial storm, while assisting commercial banks in addressing trapped
capital and expanding the scope of their credit programmes and customer
bases.
The SBV has supervised commercial banks’ execution of
the scheme to ensure it has been carried out smoothly, openly, and
transparently.
The banking regulator affirmed that the freezing of
deposit interest rates at an appropriate level has helped to stabilise
the monetary market.
“The monetary market and interest rates continue to be stable,” noted an SBV spokesman./.