Sacombank signs up to provide loans for COVID-19-affected firms
Sacombank and 15 other banks have signed credit contracts to provide preferential loans for corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.
Sixteen banks sign credit contracts to support firms affected by the COVID-19 pandemic. (Photo courtesy of Sacombank)
HCM City (VNA) - Sacombankand 15 other banks have signed credit contracts to provide preferential loansfor corporate customers to support them in their efforts to restore and expandbusiness and production after the COVID-19 pandemic.
Sacombank has set aside 1 trillionVND (43.31 million USD) for the purpose and will lend at interest ratesstarting at 6 percent.
The contracts were signed at abank-enterprise connection conference in 2020 held in HCM City last week aspart of the bank-enterprise connection programme carried out by the cityPeople's Committee in collaboration with the State Bank of Vietnam’s HCM Citybranch.
Since joining the programme in 2012,Sacombank has given nearly 20 trillion VND (866.21 million USD) in preferentialloans to businesses in all 24 districts of the city and in other provinces tohelp them maintain production and business, and enable further development inthe coming years.
The bank has also set aside morethan 500 billion VND to lend to businesses taking part in the city’s pricestabilisation programme this year.
Besides loans on easy terms,Sacombank also offers companies modern banking services that enable them toopen account, do international money transfers, get Letter of Credits, andapply for bank loans online 24/7.
This helps them optimise theefficiency of capital use, improve their competitiveness and be more active infinancial management./.
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Sixteen banks sign credit contracts to support firms affected by the COVID-19 pandemic. (Photo courtesy of Sacombank) 
