Bank provides cheaper loans for small firms

Monday, May 06, 2013 17:21

SMEs remain struggling in the face of unstable economic conditions, according to Vietinbank. — Photo congthuonghcm.vn

HÀ NỘI — The Việt Nam Bank for Industry and Trade (Vietinbank) has announced it will provide small and medium-sized enterprises with lending rates 3 percentage points lower than normal for terms of six months.

The preferential loans, which are only available this month, apply to businesses which can prove they are efficient and financially stable and have development potential.

The offer could be extended depending on the market situation, the bank said. — VNS


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