Loc Phat Bank (LPBank) "activates" a loan package of 8,000 billion VND for businesses

Banks accelerate credit, businesses gain more financial support

According to the State Bank of Vietnam (SBV), the credit growth target for the entire system is about 16% in 2025. If this growth target is achieved, the banking system will "pump" an additional VND2.5 million billion into the economy, raising the total outstanding credit balance of the entire system to about VND18.1 million billion by the end of this year.

Right from the first months of the year, many banks have launched large credit packages with deeply reduced interest rates, ready to support business development. (Photo: LPBank)

This is also completely reasonable when the banking industry's credit growth has been positive since the first months of the year. As of February 3, 2025, the total outstanding credit balance of the entire system reached VND 15.65 million billion, an increase of 0.19% compared to 2024, in complete contrast to the decline in early 2024 (down 0.6%). This is also a positive signal showing that businesses can access effective and safe loan sources to promote production and business development, especially in key areas.

In addition, the State Bank also directed credit institutions and commercial banks to promote the application of technology in product and service development, shorten the processing time to reduce costs, thereby supporting interest rates for business development. In particular, credit programs and preferential interest rate loan policies need to be implemented early and promptly to comply with the direction of the Government and the Prime Minister, aiming for high growth in 2025.

Loc Phat Bank (LPBank) - a solid financial support to help businesses grow strongly

LPBank launches a loan package of 8,000 billion VND, with preferential interest rates deeply reduced from only 4.8%/year

In addition to capital sources to meet the needs of enterprises to develop production and business, LPBank not only focuses on providing loans but also considers building comprehensive, safe and sustainable financial solutions to help enterprises develop in the long term. In response to the need for capital to promote production and business from the first months of the year of enterprises, while complying with the orientation and policies of the Party, Government and State Bank, LPBank has implemented the program "Accelerate Breakthrough - Successful Prosperity" with a limit of 8,000 billion VND, preferential interest rates deeply reduced from only 4.8%/year.

The program is designed by LPBank for existing and new corporate customers when borrowing capital from the Bank, with preferential lending interest rates starting from only 4.8%/year for short-term USD loans and from 6.3%/year for short-term VND loans. For medium and long-term loans, the interest rate starts from only 7%/year with a fixed term of up to 12 months. The program is applicable until June 30, 2025 or until the credit package runs out.

To facilitate customers' easy access to capital, LPBank also streamlines the process and optimizes loan procedures. Coming to LPBank, businesses are not only consulted on optimal loan solutions but also receive quick disbursement and flexible loan terms. At the same time, businesses can proactively balance cash flow and choose appropriate loan terms to optimize profits for sustainable development.

Accompanying businesses to develop in the era of growth, Loc Phat Bank (LPBank) not only provides flexible loan capital but also meets all types of diverse businesses. Businesses can completely rest assured to conduct business when LPBank is always by their side as a financial "support".

In addition to the VND 8,000 billion loan package, Loc Phat Bank (LPBank) is implementing many incentive programs and high-quality customer care services. To learn about the latest programs and incentives, customers can visit the website: https://lpbank.com.vn/ , contact directly at LPBank Branches/Transaction Offices or contact the 24/7 hotline: *8668/ 024 62 668 668.

K.Oanh