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Banks reduce interest rates, offer new loans for customers affected by Typhoon Yagi

Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.

Bad debts remained a challenge for banks in H1

Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.

Banks lower deposit interest rates

Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.

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