Command
At the Government's regular online meeting in March 3, the Governor of the State Bank of Vietnam, Le Minh Hung, said that on March 2020, the SBV met with 31 credit institutions (accounting for about 3% of the total outstanding loans for the economy. In fact, all credit institutions have a very high consensus of reducing at least 20% of loan interest rates compared to the time before the epidemic.
Also in two days, a series of banks have officially announced credit packages and reduced lending rates, some banks have decreased to 2% / year, and some banks have reduced interest rates on current loans. property.
Details
VIB is the pioneer bank to announce interest rate support for existing loans, starting from 1 April 4. Specifically, VIB continues to expand the interest rate subsidy package with a reduction of 2020% to 0,5% in 2,0 months for all existing customers, large enterprises, small and medium enterprises and enterprises. super small in all areas.
The support package is applicable to all medium and long term loans in VND (except for bonds) with interest rates existing from 9,5%. According to initial estimates, approximately 9.500 customers with approximately VND 10.000 billion of outstanding loans will immediately receive this support in VIB's efforts to help customers overcome difficulties caused by the Covid-19 epidemic.
HDBank sharply reduced lending rates to all customers, did not require proof of difficulties due to the Covid-19 translation since March 31. The preferential loan interest rate reduction package from 3-2% for individuals and micro enterprises affected by Covid-4,5 epidemic in the country.
The Bank also designed many credit packages for many customers during the Covid 19 season such as VND 10.000 billion to support stabilizing consumer prices, necessities, flexible interest rates from only 6,5% / year. for businesses that supply goods and services to supermarket chains for people; VND 5.000 billion of preferential funding for SMEs; spend 3.000 billion VND to sponsor businesses operating in the field of supplying pharmaceuticals, equipment and medical supplies to meet the needs of dealing with epidemics; VND 1.000 billion package for the rural agriculture chain to ensure the production and supply of rice to the country and at the same time to help businesses and business households facing difficulties due to saline intrusion in the Mekong Delta ...
Vietcombank, BIDV, VietinBank, Agribank pledged to deeply reduce lending rates to 2,5% / year
At the meeting on 31/3, leaders of 4 state-owned banks Vietcombank, BIDV, VietinBank, Agribank pledged to deeply reduce lending interest rates to 2,5% / year.
Mr. Nghiem Xuan Thanh, Chairman of Vietcombank said that the bank has a policy to reduce VND interest rates for all businesses and individuals affected by the epidemic. Total loans of industries / sectors affected by COVID-19 supported by Vietcombank, preferential interest rates lower than 0,5-1,5% compared to the common interest rate up to now over 112.700 billion copper. In the coming time, this bank will have a credit package of VND 30.000 billion with lending interest rates falling by 2-2,5% compared to the current ground. Enterprises producing essential goods will be reduced by 2,5% a year and enjoy interest rates of only 4,5-5% a year.
Besides, this bank will continue to extend the policy of reducing interest rates by 1-1,5% for existing loans (from April 30 to September 4). Vietcombank's profit is estimated to decrease by VND 30 billion because of this policy.
At Agribank, the bank spends 100.000 billion dong in preferential loans to support customers affected by Covid-19 to restore, stabilize and develop production and business. The program is applied for disbursed loans from April 01, 4 until after 2020 months from the date the Prime Minister announced the end of Covid-3 translation or until the end of the 19 billion VND credit package was disbursed. .
Customers who are the subjects of the program will enjoy interest rates lower than 1% (for loans in VND) and less than 0,5% (for loans in foreign currencies) compared with interest rates same kind.
Previously, Mr. Pham Hoang Duc - Chairman of Agribank pledged to cooperate with commercial banks in implementing mechanisms and policies in which support to reduce interest rates by 2% / year for directly affected subjects. followed by current COVID-19 translation.
VietinBank announced to continue lowering lending interest rates by 2%, offering a credit program of VND 60.000 billion to support customers. Specifically, from April 01, 4, VietinBank continued to implement a low-interest credit program with the scale of VND 2020 trillion with the lending interest rate down to 60% per year compared to the previously deployed credit programs. before (before the time of translation). VietinBank especially gives incentives to enterprises doing business in providing essential goods to the people during the Covid-2 pandemic.
In addition, VietinBank continues to implement unlimited credit programs such as: Accompanying with corporate customers, Preferential fixed interest rates, Preferential interest loans for retail customers, ... with lower interest rates from 1,2% -3% / year compared with normal.
At BIDV, the bank has officially announced a reduction of up to 2% / year on lending rates applicable to both mortgage and unsecured loans. Specifically, for existing loans, the bank will restructure the debt, extend the time to repay principal and interest and reduce it by up to 2% / year (for VND loans) to businesses in the fields. , trades affected by Covid-19 epidemic. The specific reduction will depend on the sector, industry and level of impact affected by the Covid-19 epidemic of businesses.
The Bank also reduces up to 1% per year (for loans in VND) to individual consumer loans with unsecured salary repayment due to the impact of the Covid-19 epidemic affecting income. In particular, in case the unemployed employee is entitled to a subsidy of VND 1,8 million according to the Government's orientation, BIDV will reduce the interest rate by 2%, and the grace of unpaid principal and interest due to these customers. during the translation period.
For new loan needs: BIDV has credit packages to support businesses affected by Covid-19 with the need for new loans with an interest rate of 2% lower than the same loan interest rate on December 31, 12. .
Kienlongbank decided to reduce the interest rate by 3% / year in term compared with the applicable interest rate as agreed in the signed credit contract for both individual and corporate customers.
The period of application of interest rate reduction is from April 01 to June 4, 30, for customers in the Mekong River Delta (priority of 6 provinces that have declared emergency cases are Kien Giang and Ben. Tre, Ca Mau, Tien Giang and Long An), to provide timely and urgent assistance to customers damaged by drought and saline intrusion.
The bank said that this is a program to supplement capital for agricultural production (raising, growing, and taking care of) rice, fruit trees, vegetables, fruits, and fisheries in 5 provinces affected by drought and infiltration. salty. During this time, Kienlongbank also supports customers to exempt customers from fines for overdue interest and late payment interest. The interest rate exemption / reduction period is up to 3 months and must not exceed June 30, 06.
VPBank launched the second special support package, reducing interest rates by up to 2% for businesses that have difficulty in the season. Specifically, for secured loans, the maximum interest rate reduction is 2% / year for loans in VND, 1,5% / year for loans in USD. For unsecured loans, VPBank applies a maximum interest rate reduction of 1% / year for VND loans and 2% / year for USD loans.
Enterprises enjoying these incentives should meet a number of requirements such as: Enterprises operating in the fields of tourism, restaurants, hotels, means of transportation; have activities exporting to China, the US and Europe, accounting for at least 50% of the enterprise's turnover in 2019; having raw materials accounting for at least 50% from markets of China, USA and Europe; as well as difficulties in repayment due to the impact of the Covid-19 epidemic as assessed by the business unit.
In addition, businesses must meet some other conditions of VPBank such as having good credit ratings over several consecutive periods; Financial stability, transparency before the epidemic is reflected in audit reports.
TPBank issued additional preferential interest rate programs for new disbursed customers with a total outstanding loan of up to VND 12.000 billion. Accordingly, TPBank has packages of VND 5.000 billion for small and medium enterprise customers, VND 4.000 billion packages for large corporate customers, and VND 3.000 billion for individual customers, with preferential interest rates reduced by 1,5, 2,5-XNUMX% of the current interest rate.
In addition to the restructuring of debts, rescheduling of principal and interest for customers as prescribed, TPBank also reduced interest rates from 0,5% to 1% for existing customers severely affected by the pandemic, with Total outstanding loan balance may be considered up to VND 30.000 billion.
ACB has just deployed another 10.000 billion VND preferential loan package to promote support to customers directly affected by Covid-19 translation. This is the second phase of the 35.000 billion VND preferential loan package that the bank has been implementing since the beginning of February to support customers to overcome difficulties due to the impact of the epidemic.
Earlier in February, ACB implemented phase 2 with a VND1 billion loan program to support businesses and individuals facing difficulties in business activities due to the impact of Covid-25.000 epidemic with preferential interest rates reduced to zero, 19% -0,5% compared to commercial interest rates of 1,5.
From March 31, 03, the second phase of the loan package will continue to be implemented with VND 2020 billion for customers who are particularly difficult to affect business operations due to Covid-2 epidemic and the following incentives: The loan is for 10.000-19 months, the principal is extended to 36 months and paid off until the loan is due. The loan interest rate is up to 48% lower than the interest rate level of 12.
SHB launched a credit package of 25.000 billion dong, interest rate reduced at least 2% / year for both old and new loans. The first is a credit package of 25.000 billion VND with many incentives on lending interest rates and banking service fees, especially reducing the minimum lending interest rate by 2% / year compared to the normal interest rate. SHB continues to effectively implement credit expansion solutions to production, business, and priority sectors, especially lending to maintain and restore affected sectors and fields. by translation.
Followed by the exemption or reduction of interest rates, charges for old loans, the preferential interest rate of at least 2% for existing customers of SHB who are having difficulty with translation.
