According to a report of the State Bank of Vietnam - Khanh Hoa Branch, in February and March 2020, the provincial banking sector has implemented many solutions to support people and businesses to overcome damage caused by the Covid-19 epidemic.
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Photo: Many solutions to support people and businesses affected by Covid-19. Illustrative picture. Photo: baokhanhhoa.vn.
Specifically, branches of credit institutions in the province have restructured the debt, keeping the debt group (adjusting loan term, extending debt) for 10 enterprises and 9 individuals, debit balance of 201.66 billion VND; 4 new businesses and 12 individuals with loans of 14.81 billion VND; proactively reduce lending interest rates for old loans from 1-2% per year depending on banks and groups of subjects and fields. A number of credit institutions have issued preferential credit packages: Nam A Commercial Joint Stock Bank, Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank), oint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Investment and Development of Vietnam (BIDV) - Khanh Hoa Province Branches.
In addition, credit institutions also apply many policies of exemption and reduction of fees in order to encourage customers to make electronic transactions and non-cash payments to limit the spread of Corona virus such as: VietinBank,BIDV, PVcombank, Vietcombank ...
Reportedly, as of February 29th, the whole province had 684 borrowers (203 enterprises, 481 individuals) affected by Covid-19 epidemic, the affected debt balance was 9,061.73 billion VND, accounting for 10.74% of debit balance of the whole province.
MY HAU