June 7, 2023: LPBank simultaneously cut interests to existing cusomters on large scale

In order to accompany and support retail and corporate customers in difficulties to help reduce the capital cost, LPBank has implemented a program to reduce lending interest rates by upt to 1%/year , applied to consumer loans of retail customers, retail companies and especially loans for production and business purposes. It is applicable at  all branches/transaction offices nationwide from June 1, 2023 to August 31, 2023.

With a total up to 104,000 billion VND, LPBank prioritizes to reduce interest rates applied to consumer loans of retail customers, corporate customers and especially customers who apply loans for production and business purposes, with a reduction up to 1%.

This is the largest interest rate support program LPBank has implemented in 2023. To prepare for interest rate reduction, the bank’s policy is to reduce operating costs, apply new technologies in operations, and actively collect bad debts etc to create the best resources to support customers.

The program aims to offer preferential capital to promote production and business, supporting the economic development in accordance with the orientations of the National Assembly, the Government and the State Bank.

From customer side, LPBank will offer favorable conditions for customers by streaming processes and simplifying procedures. Customers almost do not have to carry out any procedures at all. LPBank branches/transaction offices will proactively review and notify customer about the interest rate reductions.

LPBank is currently the Joint Stock Commercial Bank with the largest network of more than 1,200 transaction points nationwide. With the new strategic orientations, LPBank has been promoting the spirit of solidarity, comprehensive transformation, outstanding development and commitment to offering the best value and benefits to customers.