News about LPB

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.

LPBank is rolling out a system-wide program to cut deposit and lending rates from October 19 to December 31, 2026, in line with directives from the Government and the State Bank of Vietnam. The bank will lower listed deposit rates by 0.5–0.6% per year for tenors of 6 months or more and by 0.05–0.1% per year for shorter tenors. It will also cut lending rates by 1.6–2% per year on new disbursements for short-term production and business loans, targeting individuals, household businesses, micro-enterprises and agriculture and rural areas. The move follows a meeting chaired by Deputy Prime Minister Nguyễn Văn Thắng on October 16, 2026, and the SBV's October 18, 2026 directive asking credit institutions to cut lending rates and reduce operating costs.