Saigon Thuong Tin Commercial Joint- Stock Bank, the only bank traded on the Ho Chi Minh City stock exchange, plans to raise $246 million from selling certificates of deposit in dong, dollars and euros, according to an e-mailed statement today.
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.