Banking Association intend to propose to the central bank the ceiling rate at 14% / year for small banks, large banks can also drag down 13.5% / year to balance the cash flow.

On 10/12, under the chairmanship of the Banking Association, banks and 25 finance companies have signed pledges not exceed the ceiling rate 14% and 6% stipulated in Circular 30 of the State Bank Vietnam (SBV).

However, the reduction in raising fund is the difficulties of the banks. Mr. Tran Anh Tuan - Chief Executive Officer (CEO) Maritime Bank (MSB) said funds raised by some banks are decreasing at 10% to 12%. This was Mr. Vu Tu - General TienPhongBank admitted in his bank. "With the current difficulties and in November, December as a rule always has waves of liquidity stress."

Representative of North Asia bank said funds are greatly reduced, although this early October there was a reduce in speed but they still have to sell their bonds and accept lower profits to balance the fund.

Ms. Duong Thu Huong - Banking Association General Secretary said it need to take necessary measures to implement, especially help banks with liquidity problems in the target the system soundness and efficiency.

In the coming days, the Association intends to consider proposals to SBV the ceiling rate at 14% / year for small banks while large banks can also drag down 13.5% / year to balance the cash flow. Also proposed loan interest rate ceiling on inter-bank market, avoiding the small banks struggling to borrow at high interest rates.

(Thanh nien)