Nearly 20 commercial banks lower deposit rates
HANOI: Nearly 20 commercial banks have adjusted deposit rates since the beginning of this month, with most lowering rates.
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HANOI: Nearly 20 commercial banks have adjusted deposit rates since the beginning of this month, with most lowering rates.
From the beginning of March, 17 commercial banks have adjusted their deposit rates so far, four of which cut rates more than twice, including BaoViet Bank, GPBank, BVBank and PGBank.
“It was one of the moments I realized I'm doing something really powerful,” Crosby said. “Everybody had the thought. Everybody wanted one, but nobody had been able to crack the code.”
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Last year saw major changes in the banking industry, with total assets of the commercial bank group growing strongly, and most banks entering the race to diversify services. In 2023, challenges lie ahead in the context of a downturn in the real estate cycle and a less positive outlook for exports.