Sacombank issues EUR certificates of deposit

The Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank) began issuing EUR denominated certificates of deposit for the first time on June 3.

Sacombank is issuing deposit certificates in EUR from June 3-August 2 with total value of 3 trillion VND, 30 million USD and 20 million EUR.

The minimum amount for each certificate of deposit is 50 million VND, 5,000 USD and 1,000 EUR.

Customers can buy the bank’s certificates of deposits with terms ranging from 3-9 months for VND denominated certificates and from 3-6 months for USD and EUR ones with the principle and interest paid at the maturity date.

VNA

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