BIDV Phuc Yen branch deploys digital banking services to improve service quality and meet the borrowing needs of people and businesses. Photo: Chu Kieu
To provide maximum support to businesses to overcome difficulties, BIDV Vinh Phuc branch and BIDV Phuc Yen branch focus on organizing many programs to connect with businesses to promote sustainable business credit growth; grasp difficulties and obstacles related to businesses' access to capital to promptly resolve them.
Actively exploit the list of businesses through the functional units of the province and through the bank's existing customers and partners. Promote communication of incentive programs for businesses.
Implementing distribution chain financing programs, developing customers who are agents, distributors, and suppliers of large central enterprises. Regularly meeting and visiting customers, grasping the production and business situation, market situation, investment needs to expand scale, loan needs to promptly meet credit needs as well as open new loans for businesses.
According to the leader of BIDV Vinh Phuc branch, implementing the policy of the Government and the State Bank on reducing lending interest rates, supporting people and businesses to increase access to capital, BIDV has adjusted lending interest rates since the beginning of the year.
The two branches have proactively adjusted the lending interest rates for outstanding group 1 medium and long-term loans to support customers in reducing difficulties caused by the economic recession at home and abroad. The BIDV system has reduced the lending interest rates for businesses by 1.5 - 2.5%/year, depending on the term range.
After implementing preferential interest rate programs, short-term loan interest rates applied to corporate customers range from 4.5 - 5.5%/year and medium and long-term loan interest rates range from 6.5 - 8.0%/year, depending on the term.
Currently, the preferential interest rate program for corporate customers of the BIDV system focuses on the short-term credit program in 2024 with a scale of 300 trillion VND; the short-term credit program for small and medium-sized enterprises with a scale of 80 trillion VND; the foreign currency (USD) loan credit program with a scale of 1.9 billion USD; the medium and long-term credit program with a scale of 75 trillion VND.
In addition, BIDV is implementing a campaign to develop small and medium-sized enterprise customers; develop corporate guarantee customers; corporate customers for trade finance and international payments in 2024 and credit programs, special credit products... to increase and promote customer credit.
In addition to preferential policies on lending interest rates, BIDV has proposed solutions to remove difficulties for businesses affected by the economic recession, such as implementing a policy of restructuring debt repayment terms and maintaining debt groups for customers with an amount of nearly VND256 billion.
Currently, the outstanding loans to businesses of the BIDV system in the area reach nearly 11.5 trillion VND, accounting for 48.33% of total outstanding loans.
According to Mr. Hoang Duy Chinh, Director of the State Bank of Vietnam, Vinh Phuc branch, the capital absorption capacity of the economy is still low when input costs and imported raw materials are high. The output market, orders, and revenue of enterprises have decreased, leading to many units not having the need to borrow capital, many enterprises even try to pay off old loans, narrowing production and business because there is no need to invest in expansion.
Many businesses do not meet the conditions for loans because their projects, production and business plans are not feasible, their mortgaged assets are not secured, and they do not meet the minimum conditions required by the bank...
Although the interest rate has been adjusted down by the banking sector, businesses still want to continue to lower lending interest rates, especially for old loans. However, the BIDV system in the area is having to mobilize capital according to the market mechanism, without support from the budget, so it cannot meet the request for lending interest rates lower than the mobilization interest rates on the market...
Always accompanying to overcome difficulties and share opportunities with corporate customers, BIDV Vinh Phuc system continues to implement flexible and effective lending programs.
Focusing capital resources to prioritize corporate customers, managing loan interest rates to ensure harmony as well as controlling credit quality well; diversifying and improving the quality of products and services to meet the increasing needs of customers.
Thanh An
Source: https://baovinhphuc.com.vn/Multimedia/Images/Id/119698/BIDV-dong-hanh-cung-doanh-nghiep
Comment (0)