MB cut lending rates by 1.5% per year from 19/10 for five priority sectors: agriculture and rural areas, export production, small and medium enterprises, supporting industries, and high-tech enterprises, with lending rates starting from 7.9% per year. For some priority cases, MB will consider reductions of up to 2% per year. The bank said the move follows the government's policy and the State Bank of Vietnam's (NHNN) direction, and it is optimizing operating costs by up to 2-2.5% CIR versus 2025 to create room for lower rates. Customers can contact MB's branches or its 24/7 hotline for advice on rate policies and credit solutions.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: MB giảm lãi suất cho vay tới 2%/năm
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Related tickers and likely impact
MBB
• NeutralMBBank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 199,865 bn VND |
| P/E | 6.6 |
| P/B | 1.27 |
| Close on 10/19/2026 | 19.70 |
| Change that session | -0.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Another big bank, VietinBank, cuts lending rates by up to 2% per year
VietinBank announced on October 19 measures to cut lending rates by up to 2% per year to lower capital costs for businesses and households and support production through the end of 2026, prioritizing agriculture, affordable housing and infrastructure. It also runs a VND 50,000 billion credit program through 2028, with rates at least 1% per year below average. Agribank cuts rates by up to 2% per year and keeps a VND 70,000 billion program, Vietcombank pledged cuts of at least 2% by year-end, and BIDV offers loans from 6% per year. The moves follow a State Bank of Vietnam directive on October 18 requiring deposit rate cuts of at least 0.5% per year for terms of 6 months or more, and lending cuts of 1.5–2% per year for production and business.
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