ABBANK Offers Soft Loans for Individuals, Small Businesses

An Binh Commercial Joint Stock Bank (ABBank) is offering a discount to interest rates for loans used to do business or supplement working capital. The programme, applied from March 1, 2012 to April 30, 2012, will reduce 1.5 percent of interest rates for customers, basing on current relevant rates. In addition to rate discounts, lending policies are very flexible. The loan value can be equal to 80 percent of security assets and the maximum maturity is 120 months. Applicable borrowers are individual and business households.

 

An ABBANK leader said: "With interest rate rebate and simple, flexible lending policies, ABBANK hopes its customers access capital sources more easily to fund business promotion and market expansion.”

 

Granted a credit growth of 15 percent in 2012, ABBANK will use over VND800 billion for this programme.