Nam A Bank reduces lending rates by up to 3% and deposit rates by up to 0.5% in line with government policy

Nam A Bank (HOSE: NAB) has officially adjusted its lending rates, reducing loan rates by up to 3% per year and deposit rates by up to 0.5% per year. The move follows timely government and State Bank of Vietnam guidance to lower market rates and support households and businesses access to capital at reasonable costs during a period when the economy is striving to sustain growth. Following a bank operation meeting on April 9 chaired by SBV Governor Pham Duc An, Nam A Bank lowered deposit rates by up to 0.5% per year for terms of six months or longer. By contrast, the most notable reduction is in lending rates for individual customers, with a cut of up to 3% per year from the current level. The rate cut takes effect for individual customers from April 11, 2026. Nam A Bank is leading in implementing simultaneous cuts in both deposit and lending rates, reflecting the bank's proactive approach to easing funding costs for borrowers. Narrowing the interest rate spread helps lower capital costs and also channels cash flows more strongly into production, business, and consumption – the main drivers of GDP growth. Nam A Bank’s representative said: "We understand that the bank’s sustainable development goes hand in hand with customers' financial health. The effort to reduce costs to extend lending rates down to 3% is a significant push for Nam A Bank to align closely with government and SBV directives. The bank not only provides funding but also offers solutions so that individual customers and small business owners can reinvest and resume production in this critical period." Nam A Bank has integrated technology solutions into its operations to help customers save time and reduce administrative costs. For the small business segment, the bank offers a comprehensive package: free access to premium account numbers for new business accounts and up to a 0.1% discount on payment-acceptance fees... At the same time, Nam A Bank has partnered with VNPay to implement the Digital Tax Payment service, integrated from sales management software to tax declarations, electronic invoices, and digital signatures. This is viewed as a strategic step toward comprehensive digital transformation of small business operations, helping households and small businesses reduce administrative costs and professionalize their processes in the digital age. Timely actions demonstrate Nam A Bank’s focus on depth, understanding customers' difficulties, and using technology as a lever to retain customers in an increasingly competitive financial market.