There are 4 weak banks that are forced to be transferred, including: OceanBank (now MBV), CB, GPBank, and DongA Bank.
MBV is currently holding the leading position in terms of savings interest rates under 6 months, not only surpassing other banks in the same group but also leading the entire market. Notably, online mobilization interest rates for 1-2 month terms at MBV reach 4.3-4.4%/year, 3-month terms are up to 4.6%/year and 4-5 month terms are the highest at 4.7%/year.
Although once famous for its long-term interest rates, MBV has now adjusted to a level equal to other banks in the group. However, this bank still holds the advantage in the short-term segment, creating great attraction for depositors.
For GPBank, although the short-term interest rate is lower, this bank is superior in long-term terms, especially at 6.15%/year for online deposits with a term of 13-36 months. This is the highest rate among the group of 4 transfer banks.
CB and DongA Bank are also equally competitive, continuously maintaining attractive interest rates for terms under 6 months, with rates from 6%/year or higher for long terms.
The two banks OceanBank (new name MBV) and CB will be officially transferred to MB and Vietcombank respectively from October 17, 2024 according to the decision of the State Bank of Vietnam (SBV). According to the plan, this week, the State Bank will officially announce the decision to transfer the remaining two banks, GPBank and Dong A Bank. Previously, VPBank and HDBank had consulted shareholders on the compulsory transfer of a bank.
