ACB earmarks 1tr dong to lend to SMEs

Asia Commercial Joint Stock Bank (ACB) has said that from early March, the bank has launched a “financial solution for small and medium sized enterprises (SMEs) customers” programme with a total credit line of one trillion dong.

ACB’s programme is designed for processing and production firms with the actual operation duration of continuously three years onwards and stable business situation.

These enterprises can access bank loans under the instalment model with a credit line of up to 50 billion dong per borrower and loan term of maximum 60 months.

The collateral of these borrowers can be real estate or machineries, equipments of goods.

 

Category: Finance