In an effort to support businesses in realizing short-term business opportunities, Bac A Commercial Joint Stock Bank (Bac A Bank) has extended the "Preferential Loan - Gratitude Interest" Credit Package and increased the total limit of the Program to VND 5,000 billion, helping businesses easily access attractive loan sources...
Capital demand "heats up" at the end of the yearThe economy in the first 9 months of 2023 is gradually showing positive changes despite facing many challenges. According to forecasts, in the fourth quarter, the capital demand of corporate customers tends to increase to pay off due debts and invest in expanding production to serve year-end orders.
In fact, in the first 9 months of the year, the State Bank has adjusted the operating interest rate four times with a reduction of 0.5% - 2.0%/year. According to the Government's direction, lending interest rates of commercial banks have also been adjusted down, especially from the third quarter of 2023 when the "lag" of operating tools begins to take effect, and at the same time, loans with high interest rates from the beginning of the year also reach maturity, helping to reduce capital costs.
It can be seen that policies such as lowering operating interest rates, extending/postponing debt, not transferring debt groups, etc., have shown the efforts of the banking industry in general in removing difficulties in accessing loans for businesses. Interest rates in the market have dropped sharply to pre-Covid-19 levels, and credit is expected to improve, bringing credit growth of the entire economy towards the set double-digit target.
BAC A BANK continues to accompany businesses, loan interest rate from only 7.8% / year
Since the beginning of the year, BAC A BANK has actively implemented the “Preferential Loan – Gratitude Interest” credit package for corporate customers. Up to now, the program has supported more than 500 businesses with a total disbursement turnover of nearly 3,000 billion VND.
Mr. Do Hai Quan (living in Hanoi) who owns a food processing factory and runs a media company shared: “ Over the past year, both of my business areas have been directly affected, due to slow consumption and a significant decrease in the number of orders. Luckily, I was introduced to participate in the “Preferential Loan - Gratitude Interest” program of BAC A BANK. Thanks to the policy of reducing interest rates by nearly 3%/year compared to the normal interest rate, my business can effectively reduce cost pressure - from importing raw materials, stockpiling goods to paying for premises and employee salaries, thereby maintaining the scale of production and business”.
Faced with the continuing high demand for capital, especially in the final stages of the year, BAC A BANK has officially extended this attractive credit package until March 31, 2024 and increased the total program limit to VND 5,000 billion. The incentive applies to loans with a maximum term of 12 months, from corporate customers who have new borrowing needs, supplementing working capital for production and business activities.
With extremely competitive interest rates - from only 7.8% / year, the "Preferential Loan - Gratitude Interest" Credit Package will become a financial solution to share difficulties with businesses in the context of the current challenging market. Along with preferential fee policies accompanying the entire production - business journey from corporate account services, payroll services to guarantee issuance, trade finance, international payments. BAC A BANK expects to support the economy in general and businesses in particular to create a breakthrough momentum, optimize capital costs and improve operational efficiency.
| For detailed information, please visit the website www.baca-bank.vn, contact BAC A BANK branches/transaction offices or Customer Care Center 1800 588 828. |
PV
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