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Author Topic: Lending rate cut to reduce bank’s interest income  (Read 15 times)

Offline convoy

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Lending rate cut to reduce bank’s interest income
« on: July 17, 2017, 04:05:53 AM »
Lending rate cut to reduce bank’s interest income

Lending rate cut to reduce bank’s interest income


With a cut of 0.5 percentage points in short-term interest rates applied for đồng loans in the prioritised sectors, commercial banks in HCM City would lose VNĐ 734 billion (US$32.6 million) in net interest income, according to a central bank official.


Source: Lending rate cut to reduce bank’s interest income

 


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