LPBank trims deposit rates and lowers lending rates in line with NHNN guidance

Following a bank operations briefing on April 9 led by the new NHNN Governor Pham Duc An, LPBank quickly rolled out coordinated measures to reduce both deposit and lending rates across the system, aiming to ease capital constraints, support businesses, and promote economic growth.

Deposit rate cut to lower funding costs

LPBank reduced deposit rates by 0.3 percentage points to 1 percentage point per year across multiple maturities to optimize input funding costs. The adjustment took effect at 08:00 on April 10, 2026, and was applied uniformly across the system, including banking and postal channels.

After the change, LPBank said its deposit rate level remains competitive in the market while creating room to gradually lower lending rates. The bank noted that, since late March, deposit rates have trended higher across the system, and LPBank is among the few banks that did not raise rates, helping stabilize funding costs and enabling early customer support measures once guidance from the authorities became available.

Lending rate reductions and preferential credit programs

LPBank is implementing preferential credit programs for individuals and small businesses, with flexible lending rate reductions that can be up to 3% per year depending on the program and customer group. For priority sectors—especially production and business—lending rates can be reduced further by up to 1 percentage point compared with the standard rate, supporting access to capital at reasonable costs.

The programs are delivered through both banking and postal channels, expanding access to capital for a wider range of customer segments, including in rural and remote areas.

Credit prioritization and green finance

LPBank said it will continue directing funds into production and business sectors and other priority industries in line with government and NHNN directives, including information technology, supporting industries, green energy, high-tech agriculture, healthcare, and education.

The bank also plans to intensify its green finance strategy, reporting green credit outstanding of VND 2,465 billion in 2025, with a focus on renewable energy projects and sustainable development sectors.

Risk controls and system safety

Alongside promoting credit growth, LPBank said it will strictly control credit quality by focusing capital on real production and business activities and monitoring potential risk areas to ensure system safety.

Broader context

LPBank’s policy rollout comes as banks across the system collectively reduce base lending rates in line with NHNN guidance, which the bank said should help ease funding difficulties, support enterprises, and spur growth in the near term.