VP Bank Lends Working Capital to Businesses

To provide credits to businesses to get through this economic slowdown, Vietnam Prosperity Bank (VPBank) officially launched a credit product aimed at supplementing working capital for business units.

 

This product is a form of financing working capital for customers with its medium-term loans. This will help businesses supplement short working capital caused by the allocation of such capital to fixed asset investment to serve production and business activities (purchase of machinery, equipment, vehicles, factories, shops, etc.), or supper capital loss in business activities due to objective reasons like natural disasters and fires to expand production businesses.

 

By accessing and using the product, customers will have the chance to borrow up to 90 per cent of total short working capital in the preceding business period. Repayments methods for this loan are diversified and flexible.