BAC A BANK launches new pro-business initiative

March 10, 2023 | 21:29

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BAC A BANK has implemented a credit incentive programme to assist businesses applying for short-term loans. This is in response to calls from the State Bank of Vietnam (SBV) to create more favourable conditions that will optimise investment and development opportunities.

BAC A BANK launches new pro-business initiative

Lending will be reduced by 0.3-0.5 per cent a year for short-term loans, which are a type of financial support for business activities of individual customers. With a simple application procedure, tailored specifically for individual production and business, the incentive package has a limit of up to VND5 trillion ($217.4 million) with many outstanding advantages.

The initiative will last from now until the end of the end of the year and applies to loans in diverse industries, with different purposes such as loans to supplement capital for production and business; loans to plant and take care of industrial plants; agricultural loans for growing vegetables, flowers and fruits; and loans to invest in assets for production and business.

It can be seen that, the credit incentive programme of “Strengthening business” is one of the efforts of BAC A BANK to help customers have more opportunities to access capital at an appropriate lending.

In addition, the scheme is also a continuation of a series of solutions and preferential policies that BAC A BANK successfully implemented throughout 2022, accompanying individuals to recover their business and production activities after COVID-19, and gradually stabilise and improve the quality of their life.

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By Thanh Tung

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