Military Commercial Joint Stock Bank (MB) has announced a credit package worth 45 trillion dong for large businesses. The package consists of two main parts. The first part is 17 trillion dong with interest rate reduced by 0.5 one percent per annum for customers having outstanding loans hit by Covid-19, applicable until September 30th. The second part is valued at 28 trillion dong with preferential support for new disbursements, stimulating businesses to recover business with interest rates ranging from 4.8 to six percent per annum, depending on the business sector.
Previously, MB has also announced a package worth 30 trillion dong with preferential interest rates for individual customers and a package worth 20 trillion dong worth preferential interest rates for small and medium enterprises (SMEs).
Nam A Commercial Joint Stock Bank (NamABank) has also launched a credit package worth a total value of 15 trillion dong with an interest rate reduction of two percent for individual and corporate customers in the fields of agriculture, accommodation, restaurants and import-export. The application time is from March 20th until the government announces the end of the epidemic.
In addition, individual customers who need to borrow money to serve the purpose of consumption, car purchase, land/house purchase or construction will be offered an interest rate cut of up to 3.1 percent per annum from March 16th to 30th. Moreover, the support programmes for loans to agriculture and rural development are being applied by banks with interest rate reduced by up to one percent per annum.
Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) has also launched a credit package of 10 trillion dong with interest rate cut of two percent compared to normal rates, applicable to all borrowers until September 30th.
Previously, the bank lowered lending rates by 0.5 percent per annum for dong loans of all customers, and by 0.5 percent per annum for US dollar loans of businesses.
