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Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has recently said that from March 12 it will officially increase the dong deposit rate with the highest level of 8.7% a year for 36-month term. In addition, 12-month term deposit will enjoy the interest rate of 8% a year, three months at 7.32% and 6, 9 and 12 months at 7.44%, 7.524% and 8.004% a year respectively. At Viet A Commercial Joint Stock Bank (VietABank), the deposit rate is also adjusted up by 0.2-0.5% a year whereby the deposit rate is 5% a year for one week term, two weeks at 5.5%, three weeks 6% and one-month at 7.2% a year.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) promotes the special “Golden term - Golden opportunity” program nationwide from 12 March 2009 to 09 June 2009. The program applies for individual customers who have savings with durations of 6, 9 and 12 months onwards, and withdraw the interest only upon on maturity. Total value of the program is more than VND 2 billion. Accordingly, the customers will achieve bonus interest ranging from 0.06% per annum to 0.36% per annum on top of current interest. With each term of the following: VND 50 million savings (6 months) or VND 30 million savings (9 months), or VND 10 million savings (from 12 months) will receive a lucky draw number

Kim Eng Vietnam Securities has rated Saigon Thuong Tin Commercial Joint Stock Bank (STB), or Sacombank, one of its top picks for a buy. Sacombank announced a net profit of VND255 billion (US$14.6 million) for the fourth quarter of last year, a 45.6 percent increase from the previous quarter. The HCMC-based bank, partly owned by ANZ and the only lender listed on the Ho Chi Minh Stock Exchange, made a fat profit from gold and foreign currency trading in 2008. Forex and the yellow metal contributed a tidy VND252 billion to the bottom line, up 159 percent on the previous year.

Ending the last session of this week, the Ho Chi Minh Stock Exchange (STC)'s index today Friday March 6 slipped slightly together with the downturn of the global stock market.

Page 16 in 77 pages |
Updated at 16:16, 27/04/2015
Foreign Currency Cash Bid Rate Offer Rate
USD 21,530 21,550 21,620
AUD 16,714 16,744 16,972
CAD 17,575 17,645 17,819
CHF 22,304 22,429 22,739
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Updated at 16:16, 27/04/2015
Gold Buy Sell
XBJ 3,050,000 3,200,000
XAU 3,500,000 3,510,000
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