VPBank offers preferential loans

Thursday, Sep 17, 2015 10:17

A VPBank transaction office. The bank is offering preferential loans for small and medium-sized companies. — File photo

HA NOI (Biz Hub) — Viet Nam Prosperity Bank (VPBank) is offering a preferential programme for small and medium-sized enterprises (SMEs) with the aim of helping them access loans for production and business.

Under the SME Success 2015 programme, which is running from August 24, 2015, to February 24, 2016, the bank will lend SMEs up to VND2 trillion (US$88.8 million) at preferential interest rates of 1.8 to two per cent less than the normal rate. The programme will reportedly help importers to take advantage of the low-cost loans for their operations during the last few months of the year.

In addition, SMEs can also access preferential loans in US dollars for an average annual interest rate of 3.2 per cent. The loans are expected to help local firms in import-export payments.

A VPBank representative said they hoped the programmes would give support to businesses' production and trade activities based on low-cost loans at special preferential rates.— VNS

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