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Hochiminh City, 05 June 2008: From 05 June 2008, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) raises its deposit interest rates nationwide for VND. The VND interest rate is 14.7% per annum (1.225% per month) for 01 month and minimum 06 month savings and 15% per annum (from 1.250% per month) for 02 to 05 month savings.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has launched the VND, USD and EUR denominated certificates of deposit (CD) nationwide. The total value of the issuance is VND 3 trillion, USD 30 million and EUR 20 million. The issuance period is from 3 June to 2 August 2008 or to the date when all CDs have been issued to depositors

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) held the first lucky draw, picking the winners of the “bountiful gift” from among depositors who have opened accounts between 16 May and 28 May 2008. The total value of prizes is VND 3 billion. The first lucky draw consists of 05 Attila Elizabeth Motorbikes and 100 electric cookers. The program ends on 19 July 2008.

By the end of April, the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) reported total deposits of 58 trillion dong, up by 20% against the start of this year, outstanding loans of 40 trillion dong, rising by 17%. As for borrowers, Sacombank considers very carefully before supplying capital, partially in order to meet the requirement on reining the credit growth of less than 30% set by the central bank in 2008

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