» Short Term

A street sign is seen in front of the New York Stock Exchange. The White House and top lawmakers scrambled on Monday to reach a deal to save the world’s richest country from a disastrous default on its debt, amid fears that inaction could affect markets around the globe. With global financial markets on edge, President...

Tags: Debt Ceiling, Short Term, Us Debt, Us Debt Ceiling

VnnNews – While commercial banks need long term capital, they can only raise short term deposits. VnnNews – While commercial banks need long term capital, they can only raise short term deposits.   Deposit interest rate race kicks off Banks raising long-term US$ deposit interest rates < />Commercial banks clamour for end of...

Tags: Deposit Interest, Interest Rates, Long Term, Long Term Deposits, Month Term, Short Term, Short Term Deposits, Term Deposits

VnnNews – It’s anticipated that commercial banks will offer short term loans at a real interest rate of fourteen percent/annum. . .   The target lending rate was discussed on April 2, at a meeting convened by the State Bank of Vietnam (SBV) with commercial banks in Hanoi and HCM City, and is widely seen as a step by the central...

Tags: Commercial Banks, Commercial Banks Will, For Short Term, Fourteen Percent, Interest Rate, Interest Rates, Per Annum, Percent Per, Percent Per Annum, Short Term

VnnNews – The new decision by SBV was thought to help promote lending. The results however, have been minimal. Commercial banks still “dodging” the laws One week after the SBV decision took effect, borrowers paying bank debts and hoping to get new loans have been asked to sign contracts on medium loans, even though they...

Tags: And Long Term, Billion Dong, Commercial Banks, For Short Term, For Short Term Loans, Interest Rate, Interest Rates, Medium And Long, Medium And Long Term, Short Term, Short Term Loans, Term Loans

VnnNews – Commercial banks are feeling confused by hearing conflicting information from government agencies about removing the interest rate ceiling on short-term loans. At a press conference on March 3, 2010, Le Duc Thuy, Chair of the National Finance Supervision Council, stated: “The Government is now leaning toward instructing...

Tags: Based Interest, Based Interest Rates, For Short Term, For Short Term Loans, Interest Rate, Interest Rate Ceiling, Interest Rates, Negotiation Based, Negotiation Based Interest, Negotiation Based Interest Rates, Short Term, Short Term Loans, Term Loans, The Interest Rate, The Interest Rate Ceiling

VnnNews – “The Prime Minister himself also thinks that we should extend the negotiation-based interest rate scheme to short term as well” The stock market woke suddenly to the news that negotiation-based interest rates would be applied to medium and long term loans, borrowers and lenders as well as businesses and banks have...

Tags: And Long Term, And Long Term Loans, Deposit Interest, Interest Rate, Interest Rates, Long Term, Long Term Loans, Medium And Long, Medium And Long Term, Negotiation Based, Short Term, Term Loans, The Interest, The Interest Rate, The State

VnnNews – A curious phenomenon can be seen at commercial banks – the 9.99 percent interest rate for all kinds of deposits. With several hundred million dong in his pocket, Phuc wants to make a deposit. He has checked information on interest rates offered by different banks and noticed all offer 9.99 percent – the ‘three...

Tags: Commercial Banks, Interest Rate, Interest Rates, Month Term, Month Term Deposits, Per Annum, Percent Per, Percent Per Annum, Short Term, Term Deposits

VnnNews – The rollover of 2009 loan subsidy programme funds could be limited due to safety restrictions. Government bonds are being pointed to as a safe way for banks to lock up their excess fundsNguyen Thi Kim Thanh, head of the State Bank’s Banking Development Institute, said around VND10 trillion ($560 million) in short-term...

Tags: And Long Term, Credit Growth, Long Term, Medium And Long, Medium And Long Term, Per Cent, Rate Subsidy, Short Term, State Bank, Term Loans, The State, The State Bank