Agribank provides businesses with credit package worth $887 million for businesses. (Source: laodong.com.vn)The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to provide a credit package worth 20 trillion VND (887 million USD) with a preferential interest rate for businesses.
The fund targets business customers on the occasion of the upcoming National Day (September 2) with a maximum annual interest rate of 5.5 percent.
The programme is aimed at providing short-term mobile loans for businesses' production and trade projects and mid- and long-term loans for implementing their investment projects.
The fund is available for enterprises between August 21 and December 31.
Agribank is the largest commercial bank in Vietnam in terms of total assets, liabilities, branch networks and number of employees. By the end of April, the bank's total capital in the market reached more than 720 trillion VND (31.9 billion USD), while total loans hit more than 560 trillion VND (23.9 billion USD).-VNA
