Nam A Bank lowers lending interest rates to up to 3% per year

Nam A Bank (HOSE: NAB) has officially adjusted its lending rates, with loan interest reduced by up to 3% per year and deposit rates reduced by up to 0.5% per year. This move aligns with the government's and the State Bank of Vietnam's (SBV) timely policy to lower market interest rates, helping households and businesses access capital at reasonable costs during a period when the economy is striving to sustain growth. Following a bank operations briefing on April 9 chaired by SBV Governor Pham Duc An, Nam A Bank reduced deposit rates by up to 0.5% per year for tenors of six months or longer. By contrast, the most notable reduction is in lending rates for individual customers, with a margin reduction of up to 3% per year relative to the current level. The new rate will apply to individual customers from April 11, 2026. Nam A Bank's move to adjust on both the deposit and lending sides first in line with the policy reflects the bank's swift approach to reduce funding costs for borrowers. Narrowing the interest rate spread not only helps cool capital costs but also facilitates stronger cash flows into production, business, and consumption — the main drivers of GDP. Nam A Bank integrates technology solutions into its operations to help customers save time and reduce management costs. In parallel, small and medium enterprises (SMEs) will benefit from a "double incentive" by being offered an additional 1 - 1.5% per year cut on top of the adjusted base rate through the program "Nam A Bank accompanies SMEs" with rates from 9% per year (VND) and 4.5% per year (USD). Specifically, the program is designed in conjunction with two flagship lending products: Fast Track and the Ultra-fast lending product, forming a comprehensive financial solution package that both optimizes capital costs and shortens the time to access credit for enterprises. Nam A Bank's representative said: "We understand that the bank's sustainable development goes hand in hand with the financial health of customers. The cost reductions to free up resources to reduce lending rates to 3% are a major effort by Nam A Bank to closely follow the government's and SBV's directives. The bank not only provides capital but also provides solutions so individual customers and household businesses can reinvest with confidence and resume production during this crucial period." These actions demonstrate Nam A Bank's focus on depth, understanding customers' difficulties, and using technology as a lever to retain users in an increasingly competitive financial market. (Note: Signature omitted in main content for extraction clarity)