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Banking News (March 3rd, 2021)

Banking News (March 3rd, 2021)

Saturday 03, 04 2021
Check out the news brief of the banking industry on March 3rd, 2021.

+ Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) simultaneously reduces interest rates for all existing loans and new loans of customers for a period of 3 months from February 22nd to May 22nd, 2021. Specifically, for corporate customers, Vietcombank reduces up to 10% of the amount of interest payable for those negatively affected by the COVID-19 pandemic. The bank also reduces up to 5% of the bank interest payable for remaining customers. For individual customers, Vietcombank reduces the interest rate by 0.2% p.a. for those borrowing capital for production and business before the pandemic. 


+ Vietnam Maritime Commercial Joint Stock Bank (MSB) - Hanoi branch announced the change of the name and location of the Thuy Khue Transaction Office. The old location is Vietnam Maritime Commercial Joint Stock Bank - Hanoi Branch - Thuy Khue Transaction Office, No. 217B Thuy Khue Street, Tay Ho District, Hanoi. The new location: Vietnam Maritime Commercial Joint Stock Bank - Hanoi Branch - Capital Transaction Office, No. 249A Thuy Khue Street, Tay Ho District, Hanoi. 

+ From February 18th to March 10th, 2021, Southeast Asia Commercial Joint Stock Bank (SeABank) implements a promotion program "God of Wealth comes home, Receive Spring Fortune". It offers a 10% refund of payment value, up to VND 500,000 VND for customers using SeABank international card to purchase AJC gold or buy online on the SeAMobile digital banking application. 


+ VietinBank launches an unprecedented incentive program that completely waiving transaction fees on the VietinBank eFAST e-banking channel as new year wishes to corporate customers. Accordingly, customers (including new customers or VietinBank customers who have never had financial transactions on eFAST) only need to register a new financial eFAST package to get completely free Vietnam Dong transfer fees inside and outside the system, salary expense fees, State budget payment fees, fees for authentication of VietinBank OTP in two devices; registration and maintenance fees for
VietinBank eFAST. 

+ Until December 31st, 2021, BIDV launches the program "Gifts for new customers - Transactions anywhere" exclusively for new registered customers with a total gift value of up to VND 7.3 billion. Accordingly, after becoming a new customer and registering BIDV's account packages, customers will receive cash from VND 10,000 to 20,000 VND or other gifts with the equivalent value.


+ On February 17th - 27th, 2021, customers saving deposits of more than VND 30 million with a term of 6 months or more at all nationwide translation points of Military Commercial Joint Stock Bank (MB) received attractive account vouchers. 


+ BAC A BANK stopped the transaction of 708.5 million BAB shares on UPCoM from February 25th, 2021, and listed them on HNX. 

Compiled by VietnamCredit

Banking & Finance

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