LPBank will cut lending rates by 1.6-2% a year on new short-term loans for production and business needs across its network from Oct. 19 to Dec. 31. The bank is also lowering listed deposit rates by 0.5-0.6% a year for terms of six months or longer and by 0.05-0.1% for shorter terms. The program targets individuals, household businesses and micro-enterprises, with priority for agriculture and rural areas, in line with directions from the Government and the State Bank of Vietnam. General Director Vũ Quốc Khánh said the move aims to share customers' difficulties and direct capital to where it is needed.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: LPBank giảm lãi suất cho vay hỗ trợ hộ kinh doanh, SME
Read the original on VnExpress ↗
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LPBinterest ratesbankscreditState Bank of Vietnam
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Related tickers and likely impact
LPB
▼ Likely negativeLPBank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 113,517 bn VND |
| P/E | 10.1 |
| P/B | 2.64 |
| Close on 10/19/2026 | 38.45 |
| Change that session | +1.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- LPBank Cuts Deposit and Lending Rates Across Multiple Tenors Following Government Directive
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