Bank networking seminar

On September 24th, the group of non-state-owned commercial joint-stock banks in the province organized a forum to connect banks and customers. Attendees included leaders from the State Bank of Vietnam's provincial branch; the Provincial Business Association; and representatives from 70 customers and businesses currently holding credit relationships with the banks.

The leader of the State Bank of Vietnam's provincial branch delivered a speech at the seminar.

The group of non-state-owned commercial banks in the province comprises 12 banks. In recent times, these commercial banks have focused on comprehensively reforming their management, policies, and operational processes; implementing preferential interest rate credit packages for different customer groups; and adopting appropriate interest rate policies to support customers in overcoming difficulties and increasing their access to credit. As of the end of August 2024, the total capital mobilized by the group of commercial banks in the province reached over 26,200 billion VND, an increase of more than 2,190 billion VND compared to the end of 2023; outstanding loans reached nearly 14,500 billion VND, an increase of more than 1,100 billion VND compared to the end of 2023.

The leaders of the provincial business association proposed several issues regarding interest rates and preferential credit packages for businesses.

At the seminar, customers highly appreciated the bank's support for businesses in providing interest rate assistance, preferential service fees, implementing digital transformation in the banking sector, and facilitating transactions for customers. In the context of businesses facing difficulties due to the impact of the global economic recession and, most recently, the effects of Typhoon No. 3, customers requested that banks consider extending loan terms and increasing the credit-to-value ratio; research stimulus packages with preferential interest rates to help businesses restructure and expand production and business; continue to reduce administrative procedures; be more flexible in valuing collateral assets; and expand credit limits to give businesses opportunities to expand their capital sources.

After listening to the discussions at the seminar, the leaders of the State Bank of Vietnam's provincial branch requested that banks closely follow the directives of the State Bank of Vietnam, take advantage of the attention of higher-level banks, and continue to decisively, practically, and effectively implement support solutions to facilitate customers' access to credit. They should promptly grasp the production and business situation of customers and businesses, continue to promote specific credit programs and policies, and remove difficulties for businesses and people. They should also improve and be more open in reviewing and evaluating production, business, and service plans and projects, and in accepting collateral and mortgages, while adhering to legal regulations.

Representatives from the Non-State Commercial Joint Stock Bank Group in the province presented a report on the group's operational situation.

Effectively disseminate information and promote credit policies to organizations and individuals in the area so that they can understand and access credit sources in a timely manner. In particular, banks should proactively review and compile the losses of customers who borrowed capital and were affected by Typhoon No. 3. Based on the directives of higher-level banks, they should promptly implement support measures to alleviate difficulties for customers, such as restructuring repayment terms, considering waiving or reducing interest rates, and continuing to provide new loans to restore production and business after the typhoon... in accordance with current regulations.

Business associations and branches need to effectively play their role as a bridge, proactively identifying the difficulties and obstacles faced by individual businesses, industry groups, and sectors. They should then report and make recommendations to relevant authorities and the banking sector to resolve these issues and consider and address appropriate credit needs.

Nguyen Hue

Source: https://baophutho.vn/toa-dam-ket-noi-ngan-hang-khach-hang-219609.htm