Western Bank continues increasing deposit rates

Friday, May 23, 2008
Western Commercial Joint Stock Bank (Western Bank) on May 21 continued increasing deposit rates, marking the bank's third interest rate adjustment.

Particularly, one and two-month terms will get yearly interest rates of 13.8%, 3, 6 and 9 months 15% and as for terms of from 12 months and longer, the interest rates will be ranged between 13.8% and 14.1% per year.

Within May, Western Bank has also been providing interprovincial money delivery service free of charge to all the bank's customers. Accordingly, customers can freely deposit and withdraw money from their accounts at Western Bank.

Western Bank to pay 11% dividend to shareholders

Wednesday, May 21, 2008
Western Commercial Joint Stock Bank or Western Bank recently reported that last year it earned over 30 billion dong in net profit from business, growing by 202% year-on-year.

The profit has been allocated as follows: 5% for the supplementary fund of chartered capital, 10% for risk prevention fund and the remainder (22 billion dong) will be paid for a dividend of 11% to shareholders.