VIB Bank Launches New Year Saving Programme

The Vietnam International Bank (VIB Bank) has recently launched its ‘New Year Gift’ saving programme from December 12, 2005 and January 12, 2006 to mark the New Year. Accordingly, the bank will add interest to the savings of its traditional customers and present gifts to new customers. Traditional customers will have their interest increased by 0.007 per cent per month for their savings in Vietnam dong and 0.08 per cent per annum for their savings in US dollars which are due and are renewed. Added interest will be applied for the whole duration of customers’ savings for at least one month.

 

VIB Bank’s interest rate is 4.7 per cent per annum for 24-month savings in US dollar, and 0.76 per cent per month for 24-month savings in Vietnam dong; 0.46 per cent per annum for 12-month savings in US dollars and 0.75 per cent per month for 12-month savings in Vietnam dong; 4.2 per cent per annum for nine-month savings in US dollar and 0.7 per cent per month for nine-month savings in Vietnam dong. The figure is 4.1 per cent per annum and 0.71 per cent per month, respectively, for savings in six months, and 3.8 per cent per annum and 0.69 per cent per month, respectively, for three-month savings.

 

It is reported that from December 8, 2005, VIB Bank increased its charter capital from VND400 billion to VND510 billion, ten fold higher than the initial figure.