Loan support solutions for people and businesses from

According to data from the State Bank of Vietnam (SBV), in the first quarter of 2023, credit growth in the entire economy was 2.06%, much lower than the same period last year. According to the first quarter financial reports of the banks that have been published, the top 10 banks with the highest credit growth rate in the entire system reached an average of 4.7% - more than twice the overall growth rate of the entire industry.

Ban Viet is known as one of the 10 banks with the best credit growth in the first quarter of this year. This is thanks to a series of policies, solutions, and programs to support people and businesses in accessing loans that were promptly introduced.

Right from the beginning of 2023, when banks were still hesitant to lend because they had not been granted credit room and the input interest rate trend was high, but Viet Capital Bank implemented a loan program for individual customers, business households, small traders and small and medium enterprises with a preferential interest rate of only 10.5%/year. At that time, this was really good information for customers who wanted to supplement capital to boost production, business/agriculture or invest in equipment from the first quarter of 2023.

Business loan support solution from Viet Nam image 1

In order to continue to support customers to access loans not only with preferential interest rates but also with flexible procedures and quick disbursement time, from March 28, Ban Viet Bank has launched the product "Flexible Loan 24h" for business households and small traders in urban areas. Customers who need loans for production, business, processing, manufacturing, and trade with real estate as collateral can borrow up to 2 billion VND, with a term of 60 months. With the strength of same-day approval, this product of Ban Viet can be said to be very timely and practical, and also very competitive when many banks are reducing loan interest rates at the present time.

The strength of the product is that in addition to the preferential loan interest rate on the market, the approval of customer documents is also very fast, taking only 24 hours, so the disbursement to customers will also be much faster than before. This is achieved through the effort to streamline procedures and apply technology so that Ban Viet's customers can receive capital as quickly as possible. With the launch of the product "Flexible Loan 24h", Ban Viet can completely compete in the market not only in terms of interest rates and methods, and loan duration.

Along with quick customer support and preferential interest rates, Viet Capital Bank also focuses on implementing policies of the Government and the State Bank related to credit, which is green credit. Specifically, Viet Capital Bank implements the "Green Credit" program with preferential loan interest rates from only 8.9%/year for environmentally friendly production, business and consumption projects or to protect the environment and society, the limit of this package is up to 500 billion VND.

According to the Bank's leaders, through the program, Ban Viet hopes to continue to support customers in accessing loans while promoting sustainable development in Vietnam.

In addition, Ban Viet also enhances support for customers to access banking services more quickly and conveniently through a separate account package. With the business account package, business households and small traders will be exempted from all transaction fees, have reduced loan interest rates, plus online savings interest rates, etc.

Specifically, when opening a Business Account at Ban Viet, business owners are exempted from all transaction fees such as domestic transfer fees, beautiful account number fees, SMS fees, e-banking fees, annual fees for Visa debit cards, credit cards, etc., helping business owners save costs effectively. In addition, business owners also enjoy higher non-term interest rates than usual and receive additional interest when making online savings deposits (additional interest rates are updated periodically). This incentive will help business owners increase their interest income when making account transactions and depositing money at Ban Viet. Even more special, in case of needing to expand production and business, import goods, etc., business owners will have easy access to capital by receiving preferential interest rate reductions of up to 2%/year.

With such synchronous and continuous implementation measures, it shows that Ban Viet has really made efforts to promote business activities in general and credit in particular since the beginning of the year. Focusing on green credit and implementing many preferential solutions, while the operational and risk management indicators are all good, will have a positive impact on business results in the following quarters and in 2023.

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