NOTIFICATION

Dear Customer

First of all, Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) would like to deeply thank customers for trusting and using Eximbank's products and services during the past time.
On September 29, 2017, the Governor of the State Bank of Vietnam issued Circular No. 14/2017/TT-NHNN regulating interest calculation methods in deposit receiving and credit granting activities between credit institutions and customers. row; This Circular takes effect from January 1, 2018.
Therefore, to comply with the regulations of the State Bank of Vietnam, Eximbank respectfully informs customers about the deposit interest calculation method applied from January 1, 2018 as follows:
1. For customer deposit accounts arising from January 1, 2018 (new deposits, re-maturities,...), Eximbank applies the following interest calculation method:
(i). Interest factor:
Interest calculation period: determined from the date of deposit receipt to the end of the day immediately preceding the date of full payment of the deposit (calculate the first day, omitting the last day of the interest period) and the time to determine the balance to calculate interest. is the end of each day during the interest period.
Actual balance: is the balance at the end of the interest calculation day of the deposit balance.
Number of days to maintain actual balance: is the number of days in which the actual balance at the end of each day remains unchanged.
Interest rate: calculated at %/year (365 days).

(ii). Interest calculation formula:

The amount of interest customers receive according to the interest calculation method applied by Eximbank above is guaranteed to be the same as the interest amount if calculated according to the SBV method specified in Clause 1, Article 5 of Circular 14/2017/TT-NHNN September 29, 2017.
2. For deposits before January 1, 2018, interest calculation is done as follows:
a. For demand deposits: from January 1, 2018, Eximbank switched to calculating interest according to the method in Section 1 above.
b. For term deposits: from January 1, 2018, Eximbank continues to calculate according to the method being implemented before January 1, 2018 (interest rate is calculated at the rate of %/year (360 days) ) until the term of the deposit expires.

Eximbank looks forward to continuing to accompany, serve and provide the most effective financial products to customers.

Sincerely wish you health and success!