Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 Banks to select borrowers for new lending rate cap

View previous topic View next topic Go down 
AuthorMessage
1alaskan
Elite Member
Elite Member


Posts : 4668
Join date : 2011-06-21
Age : 34
Location : Planet far far away

PostSubject: Banks to select borrowers for new lending rate cap   Wed May 09, 2012 8:37 pm

Banks to select borrowers for new lending rate cap

VietFinanceNews.com - The 15 percent cap on lending interest rates the State Bank of Vietnam imposed to aid four preferential sectors was officially applied yesterday, but banks said they have yet to implement the regulation as there are too many borrowers qualified for the low rate.

Borrowers operating in the four sectors subject to the ceiling rate, including the supporting industry, exporting and agriculture sectors, and small- and medium-sized enterprises, are estimated to account for as much as 60 – 70 percent of banks’ total outstanding loans, they said.

Hence, commercial banks said they will have to work together to develop a particular requirement for businesses which are able to access loans at the ceiling rate.

“We cannot let every business from the targeted sectors borrow at 15 percent a year,” they said.

According to a central bank circular, the maximum interest rate slapped on short-term loans in Vietnamese dong will be equal to the maximum deposit interest rate as required by SBV for terms from one month and above, plus3 percentage points a year.

Banks said the 3-percentage point gap between input and output interest rates is too low, so they have to calculate carefully on the loans to offer.

http://www.vietfinancenews.com/2012/05/banks-to-select-borrowers-for-new.html

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty
Back to top Go down
View user profile
 
Banks to select borrowers for new lending rate cap
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: OTHER INVESTMENTS :: OTHER CURRENCIES - DONG - ZIM - YUAN - etc-
Jump to: