VIB is implementing a new promotional campaign to celebrate its 20th anniversary. —- VNS Photo

HA NOI (Biz Hub) – Vietnam International Bank (VIB) is implementing a new promotional campaign which offers a competitive lending rate of 6.99 per cent from now to October 5 in a move to celebrate its 20th anniversary.

Under the "Enjoy beautiful life with VIB" campaign, customers who make a loan term of over 12 months will enjoy the above-mentioned rate in the first six months.

Besides providing thousands of gifts, such as suitcases and travel bags for customers, the bank also offers one year annual fee waiver for new VIB Classic and Gold credit card cardholders with at least one proper transaction within 30 days of the issuance date.

During the first half of this year, VIB earned before-tax profit of VND303 billion (US$13.5 million), up 7 per cent year-on-year and comprises 45 per cent of the before-tax profit target for 2016.

According to the bank's H1 unaudited financial result, the lending balance reached more than VND51.319 billion, equivalent to a 7.4 per cent growth rate.

During the reviewed period, the bank's deposits saw a yearly rise of 7.4 per cent to reach VND57.248 billion, while fee and commission incomes increased by 41 per cent year-on-year. Its total assets topped VND86.755 billion, up nearly 3 per cent in comparison with the end of 2015. – VNS