SeABank offers preferential loans to SMEs

Tuesday, Feb 25, 2014 17:41

A SeABank transaction counter. The bank has launched a VND4 trillion preferential loan package for SMEs and business households. — Photo

HA NOI (Biz Hub) ― SeABank on Monday launched a preferential loan package worth VND4 trillion ($190.48 million) for small- and medium-sized enterprises (SMEs) and households that will do business this year.

The bank will reserve three quarters of the amount for SMEs, with a minimum interest rate of 8.5 per cent per year. It will prioritise producers and dealers of consumer goods, fuels, electronic products and medicines. Other SMEs that will receive priority will be from the fertiliser, seafood, garments and textiles, timber products and farm produce sectors.

One quarter of the fund, with an interest rate of 8.8 per cent, will be earmarked for households. ― VNS

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