Sacombank offers soft loans for firms

Saigon Thuong Tin Commercial Bank, or Sacombank (code: STB), has launched a program to provide preferential loans in dong and U.S. dollar for enterprises in need of operating capital for production and business in the second half of the year.

The bank began on Tuesday to set aside VND2 trillion to make new loans available for corporate customers at an interest rate of 13% per annum. It also has a loan package worth US$50 million for exporters and importers with an interest rate starting from 4.5% per annum.

The bank’s lending program is part of its activities to help corporate clients develop business projects, deal with inventory and maintain growth amid economic woes.

The Saigon Times

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