Au Viet broker expands securities mortgage lending

Au Viet Securities Co (AVSC) on January 2 officially expanded its “room” for securities mortgaged lending for customers.

AVSC held direct negotiations with SCB Bank and the Bank for Agriculture and Rural Development of Vietnam (Agribank) to carry out the disbursement of 200 billion dong to ABSC’s customers in the first quarter of 2008 under it, AVSC will provide a minimum loan of 100 million dong and maximum loan of 10 billion dong in term of six months with the interest rate of 1.1% per month from capital source of Agribank and 1.2% per month from capital source of SCB.

The securities brokerage also planed to carry out negotiations with other banks and financial institutions so as to supply heavier loans to investors in 2008.

 

Category: Stocks