Disbursement of Interest rate support program reaches VND 151,903 billion by March 20

SBV announces disbursement of interest rate support program reaches VND 151,903 billion by March 20 as follows:

According to the express reports of credit institutions, the disbursement amount of the interest rate support program of the whole banking industry by March 20, 2009 reached around VND 151,903 billion (an increase by 5.26% in comparison with the previous week). Specifically, the group of state-owned commercial banks and the Central People’s Credit Fund have disbursed VND 115,659 billion (an increase by 0.98%); and the group of joint-stock commercial banks, and the group of joint-venture banks, foreign banks branches and wholly-owned foreign banks have allocated about VND 31,731 billion (an increase by 18.2%), and VND 4,513 billion (an increase by 53.59%) for this program, respectively.

sbv

>   MHB permitted to make qualitative risk provisioning (20/03/2009)

>   Three Finance Companies allowed to increase charter capitals (20/03/2009)

>   Commercial banks terminate pilot options in VND (20/03/2009)

>   Hopes moderate for dollar bond auction (20/03/2009)

>   Gold price skyrocketed to VND 19.9 million/tael (20/03/2009)

>   ADB funds expressway project (20/03/2009)

>   US$ government bonds: “interest rate of 4%... successful” (20/03/2009)

>   Five groups of commodities exempted from consumption tax (19/03/2009)

>   Shareholders’ meetings uncomfortable for banks (19/03/2009)

>   Banks need green loan guidelines (19/03/2009)