Agribank to reschedule 10.5 billion USD worth of debt for epidemic-hit customers
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it plans to reschedule debts worth 250 trillion VND (10.5 billion USD) for pandemic-affected customers in the second and third quarters of 2020.
Hanoi (VNA) – The Vietnam Bank for Agriculture andRural Development (Agribank) has announced that it plans to reschedule debtsworth 250 trillion VND (10.5 billion USD) for pandemic-affected customers inthe second and third quarters of 2020.
So far this year to April 17, Agribank extended repayment deadlines and cutinterest rate for debts totaling nearly 30 trillion VND for nearly 15,000customers, who faced difficulties due to the impact of the COVID-19 pandemic.
The bank is continuing to evaluate the levels of the pandemic’s impact on itsborrowers, and work with customers to review their production and businessplans, in order to provide suitable support.
Apart from restructuring debts, Agribank is implementing a credit package worth100 trillion VND to help customers affected by COVID-19 stabilise and developtheir operation.
Since January 23, Agribank has lent over 300 trillion VND, including over 8.1trillion VND of new loans to 5,892 customers affected by the epidemic./.
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At a transaction office of Agribank (Photo: VNA) 
