Navibank earmarks 1tr dong to lend at 14pct/yr

Information from Nam Viet Commercial Joint Stock Bank (Navibank-NVB) said that the lender is offering a preferential credit package worth one trillion dong to lend corporate customers at the lending interest rate of no higher than 14 percent per year from August 1, 2012.

The total amount of disbursement for one customer may be up to 50 billion dong.

Accordingly, Navibank will give priorities in disbursement for corporate customers with short term loans in dong to support the working capital for production and business activities, including production, trade, service, excluding securities trading and real estate trading activities.

The programme may be end up ahead of time when the bank uses up all the limit or having the stop notice from the general director.

 

Category: Finance