HDBank earmarks $178m for loans against deposits

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The HCM City Housing Development Bank (HDBank) has set aside VND4 trillion (US$178.17 million) for lending to businesses against their deposits in dong or dollars at any bank.

A HDBank branch. — VNS Photo/Source HDBank

HCM CITY (Biz Hub) — The HCM City Housing Development Bank (HDBank) has set aside VND4 trillion (US$178.17 million) for lending to businesses against their deposits in dong or dollars at any bank.

Loans under the programme, targeted at corporate customers nation-wide, carry interest rates starting at 6.5 per cent. The rate will remain unchanged during the loan period.

The programme will run from now to December 31. — VNS

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