Techcombank's customers could enjoy reduction of lending rate for loans during the novel coronavirus pandemic (Photo courtesy of Techcombank) Hanoi (VNA) – TheVietnam Technological and Commercial Joint Stock Bank (Techcombank) has announceda 30 trillion VND (over 1.28 billion USD) credit package to support itscustomers to overcome difficulties amid the COVID-19 pandemic.
The package includes exemptionsand reductions of lending rates as well as extending and rescheduling debts forboth businesses and individuals.
Accordingly, 20 trillion VND(858 million USD) would be given to support firms to restructure theirdebts. In addition, Techcombank will also reduce interest rates for customersby up to 2 percent. It also committed to ensuring credit sources to supportcompanies to resume business after the end of the pandemic.
The bank’s household and individualcustomers can access a 10 trillion VND (429 million USD) support packageincluding reduction of the lending rate of 2 percent and mortgages for buyingand repairing houses in six to 12 months.
Techcombank’s Managing Directorcum Standing Deputy General Director Phung Quang Hung, said the COVID-19pandemic has been a challenge for the world’s economy including Vietnam,causing big effects to the people’s lives, the development of the businesscommunity and all sectors of the economy. Techcombank’s 30 trillion VND packageaims to facilitate customers to recover their business and lives.
In addition to the package,Techcombank has accelerated investments into digitalisation of transactions tolimit the use of cash and minimise the risk of COVID-19 infection.
Techcombank also donated 10billion VND to the Vietnam Fatherland Front Central Committee to help cope withthe COVID-19 pandemic./.
The package includes exemptionsand reductions of lending rates as well as extending and rescheduling debts forboth businesses and individuals.
Accordingly, 20 trillion VND(858 million USD) would be given to support firms to restructure theirdebts. In addition, Techcombank will also reduce interest rates for customersby up to 2 percent. It also committed to ensuring credit sources to supportcompanies to resume business after the end of the pandemic.
The bank’s household and individualcustomers can access a 10 trillion VND (429 million USD) support packageincluding reduction of the lending rate of 2 percent and mortgages for buyingand repairing houses in six to 12 months.
Techcombank’s Managing Directorcum Standing Deputy General Director Phung Quang Hung, said the COVID-19pandemic has been a challenge for the world’s economy including Vietnam,causing big effects to the people’s lives, the development of the businesscommunity and all sectors of the economy. Techcombank’s 30 trillion VND packageaims to facilitate customers to recover their business and lives.
In addition to the package,Techcombank has accelerated investments into digitalisation of transactions tolimit the use of cash and minimise the risk of COVID-19 infection.
Techcombank also donated 10billion VND to the Vietnam Fatherland Front Central Committee to help cope withthe COVID-19 pandemic./.
VNA
