SeABank will reduce its interest rates by a maximum of one per cent, on its loans, for existing customers till the end of this year to help them through the COVID-19 pandemic.

The support programme will focus on sectors such as transport, warehousing, accommodation and catering services, education and training, and healthcare.

In addition, the bank will also launch preferential credit programmes and encourage customers to use non-cash transactions.

SeABank has been implementing a super fast disbursement programme for businesses affected by COVID-19 valued at VND2 trillion (US$87.3 million) with an interest rate of 6.5 to 8 per cent a year.

It offers preferential interest rates for firms that have import-export activities with an interest rate of 5.6 to 6.4 per cent a year. Businesses enjoy no fees for using a SeABank Visa Corporate for the first year. Businesses can take advantage of the working capital available from their card credit to help manage capital and spending effectively.

The bank also launched a range of measures for individual customers such as reducing interest rates by 0.3 per cent a year for all loans, and providing fee-free money transfers and bill payments.

SeABank would continue to have timely solutions to untie its customers’ difficulties in the complicated changes of the COVID-19. — VNS