TPBank offers new support package for businesses

Thursday, Oct 20, 2016 16:07

TPBank receiving customers at one of their branches. The bank is determined to help businesses with their second preferential credit package of 2016 — Photo

HA NOI (Biz Hub) — The Tien Phong Commercial Joint Stock Bank (TPBank) started offering its business support package worth VND3 trillion (US$134 million) at a lowered annual rate of 6.8 per cent on Thursday.

This is the second time this year that TPBank has offered a preferential credit package for business customers. In April, it was the first commercial bank to lower interest rates, in accordance with the state policy, and offer a package worth VND5 trillion ($223 million).

Eligible businesses include exporters, support industry manufacturers and start-ups that are looking for funding. For start-ups, the package specifically applies to technology, e-commerce, services and finance sectors.

The package rates will be offered till December 31.

The bank is aiming to encourage and support businesses, in terms of technological solutions, productivity and value additions, by creating favourable conditions. Enterprises can consult with the bank, expect flexibility and avail of the package. TPBank hopes that its preferential credit package will help businesses increase production, get more competitive and meet their 2016 business goals. — VNS

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