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VRB launches new package with preferential interest rate to support companies & individuals during Covid-19

Supporting customers in overcoming business difficulties due to the impact of Covid-19, Vietnam - Russia Joint Venture Bank (VRB) deployed a credit package of up to thousands of billion VND with preferential interest rates for corporate and individual customers. The program will end in September 30, 2020 or until reaching the package limit.

Discount up to 1% of interest rate/year for corporate customers when borrowing for production/business or the ones who have medium/long-term loans at VRB

With the 1,500 billion VND credit package, corporate customers who are borrowing for production/business activities or have medium/long-term loan balance at VRB will be entitled to a maximum discount of 1%/years for VND loans and 0.5%/ year for USD loans compared to the latest loan interest rates applicable to customers.

Companies in the fields eligible for preferential policies include: Tourism, travel, hotels; transport (especially air transport); Commerce; Foreign investment; Chain production industries, supporting industries; Agriculture, forestry, fishery and consumer goods; Textile; Education; F&B; Build; Real Estate; Other industries suffer from loss or business disruption due to direct or indirect impacts from epidemics.

Discount up to 0.8% interest rates / year for individual customers

In addition to the support for corporate customers, VRB also applies a policy of reducing up to 0.8% interest rates / year for VND loans to individual customers.

The specific reduction amount is decided by VRB depending on each field, industry and the impact on each enterprise and individual.

VRB is willing to have less income to support customers, we consider lowering lending interest rate is a practical and necessary action in implementing the State Bank's guidance on prioritizing to companies and individuals affected by COVID-19.

In addition, the Trade Union and VRB staff are contributing to support the epidemic prevention activities and control drought in the Mekong Delta.

VRB is pleased to announce.

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