MB is cutting its lending rate by 1.5% per year for five priority sectors: agriculture and rural areas, export goods, small and medium enterprises, supporting industries, and high-tech businesses, with the adjusted rate starting from 7.9% per year. Some eligible cases may get reductions of up to 2% per year, aimed at lowering capital costs as working-capital needs rise toward year-end. Earlier, MB launched a 10,000 billion VND preferential credit package for SMEs. Through its BIZ MBBank platform, the bank uses AI and big data to approve eligible applications automatically on the same day, and says more than 25,000 businesses have accessed over 300,000 billion VND in funding through digital lending.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: MB giảm tới 2% lãi suất cho vay hỗ trợ doanh nghiệp
Read the original on VnExpress ↗
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Related tickers and likely impact
MBB
• NeutralMBBank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 198,354 bn VND |
| P/E | 6.6 |
| P/B | 1.26 |
| Close on 10/20/2026 | 19.65 |
| Change that session | -0.25% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- MB cuts lending rates by up to 2% per year
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.
- Bank Staff Push Last-Minute Deposits Ahead of Interest Rate Cuts
Following a State Bank of Vietnam directive to lower deposit rates, staff at many banks are pushing customers to deposit funds at the last minute before rates fall. The central bank requires banks to cut deposit rates by at least 0.5 percentage point for terms of 6 months and longer, or face tighter credit growth targets. The highest listed rate for 6-12-month terms hit 8% in August, up 2.5 percentage points year on year, while a VnExpress survey found 6-month rates at 8.5-9.2% a year. Since the directive, 15 banks have announced new deposit rate schedules, mostly cutting by 0.5 percentage point to below 7% a year for terms of 6 months and above. Some analysts say rates are near their peak and could ease from early 2027, though a quick reversal is unlikely as credit demand tends to rise toward year-end.
- Heated meeting on interest rate cuts: what do bank leaders say?
At a meeting with the State Bank on the morning of Oct. 19, several banks committed to cutting costs and sharing profits to lower lending rates by at least 1.5–2%. Vietcombank plans credit packages with deeper rate cuts for priority sectors, BIDV will roll out a package of about 100,000 billion dong with terms up to six months and accept about 500 billion dong in lost income, and Sacombank has a preferential program of 40,000 billion dong. Bank leaders said the biggest challenge is keeping deposit rates attractive enough, so room to cut lending rates depends on the supply and demand for capital. Hiệp hội Ngân hàng's Đào Minh Tú said sustainable rate cuts require coordinated fiscal and monetary policy and the development of capital channels outside banks, such as corporate bonds and the stock market.
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Governor Phạm Đức Ấn has asked banks to prioritize rate cuts for production and business loans, applied selectively rather than across the board, and to consider applying them to existing loans. The average lending rate rose 0.2 percentage points to 10.7% in August, about 3 points higher than a year earlier, while legacy floating-rate loans for individuals reached 12-14%, and some car loans 16-17%. Banks were told to cut operating costs, share profits and reduce funding costs, including lowering deposit rates for terms of six months or more by at least 0.5%. Several banks, including BIDV, Vietcombank, Agribank and Sacombank, have announced preferential loan packages with rate reductions of up to 2 percentage points.
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