Businesses

Two banks support clients affected by Covid-19

THURSDAY, 20/02/2020 10:58:01

The two banks have proactively removed difficulties of borrowers affected by Covid-19.

From February 19 to the end of April 30, Hai Duong branch of the Joint Stock Commercial Bank for Foreign Trade of Vietnam is restructuring and extending debt payment terms without charging overdue penalty interest rates, and reducing loan interest rates for its clients.

Hai Duong branch of the Joint Stock Commercial Bank for Investment and Development of Vietnam has fixed the interest rate at 5.5%/ year (1 – 2.5% lower than normal loans) within four months from the first disbursement date.

The program is being applied until the end of this April to individual clients still in debt or borrowing capital for production and business in the fields of agriculture, export, and tourism with priority given to agricultural products, seafood, and commodities exported to China.

According to a representative of the State Bank's branch in the province, the two banks above have proactively removed difficulties of borrowers affected by Covid-19.

Earlier, the unit reviewed a number of bank branches in the province to define loans that could be affected by this disease.

HA KIEN

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