The State Bank met with banks about interest rates on the morning of May 25.

Previously, on May 23, the State Bank issued two decisions to reduce operating interest rates by 0.5%. The ceiling interest rate for mobilizing VND of commercial banks was reduced from 5.5%/year to 5%/year; the overnight lending interest rate in interbank electronic payments and loans to cover capital shortages in the State Bank's clearing payments for credit institutions was reduced from 6.0%/year to 5.5%/year; the refinancing interest rate was reduced from 5.5%/year to 5%/year. According to the State Bank, the lending interest rate is currently reduced by 0.65% compared to the beginning of the year, to 9.3%/year. However, businesses and business associations recently said that the lending interest rate is still high and recommended the lending interest rate to be reduced to 7-8%/year.

Ngân hàng Nhà nước họp với các ngân hàng về lãi suất vào sáng 25.5 - Ảnh 1. — Lending rates need to continue to fall

On the same day, the State Bank issued Directive 02 requiring units and banks to strengthen credit activities and implement policies on restructuring debt repayment terms and maintaining debt groups to support customers facing difficulties according to the provisions of Circular 02/2023 (TT02). Banks must immediately issue and implement internal regulations on restructuring debt repayment terms and maintaining debt groups according to the provisions of Circular 02. It is strictly forbidden to act to cause difficulties, inconvenience, or issue additional conditions and procedures different from the provisions of Circular 02/2023. The Chairman of the Board of Members, the Board of Directors, and the General Director of banks directly direct the implementation of debt repayment term restructuring and maintaining debt groups according to Circular 02 and are responsible to the Governor of the State Bank for the implementation results; take measures to strictly handle units and individuals who are slow to implement, deliberately cause difficulties, are irresponsible, and do not comply with regulations. Organize the implementation of the policy of restructuring debt repayment terms and maintaining the debt group in accordance with regulations; closely monitor, ensure safety, prevent and stop the abuse of restructuring debt repayment terms and maintaining the debt group to collude and take advantage of the policy.

At the same time, the provincial branches of the State Bank shall inspect and supervise the implementation of regulations on debt restructuring and maintaining the debt group in the locality; take measures to strictly and promptly handle cases of non-compliance with the Government 's policies and regulations of the State Bank. As well as evading, delaying handling, deliberately causing difficulties, harassment, refusing to restructure the debt repayment period and maintaining the debt group for customers who meet the conditions. At the same time, monitor, track and handle cases of taking advantage of restructuring the debt repayment period and maintaining the debt group to take advantage of the policy.

Source link