According to the State Bank – Khanh Hoa Branch, till end October, 2014, the total debit balance of banks based in the province reached VND29,232 billion, rising 12.68%. The figure has reached the credit growth target of 12 – 14% in the whole year...
According to the State Bank – Khanh Hoa Branch, till end October, 2014, the total debit balance of banks based in the province reached VND29,232 billion, rising 12.68%. The figure has reached the credit growth target of 12 – 14% in the whole year.
At present, the preferential lending interst rate is 7% per annum. To loans for other fields of production and business, State-own commercial banks are offering interest rate of 8.5% - 10%/year for short terms, and 9.5% - 12.5%/year for medium and long terms while at joint stock commercial banks, interest rates fluctuate 9%– 12%/year for short terms and 11% - 12.5%/year for medium and long terms.
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