Connecting Banks and Businesses: Win-win
With the effectiveness of the Bank - Enterprise (NH - DN) connection program in Ho Chi Minh City, continuously in the second quarter of 2014, many localities across the country have started to take part, proactively participate and initially promote very positive results.
Previously, the State Bank also issued Official Letter No. 2667/NHNN-VP dated April 17, 2014 on the implementation of the Bank - Enterprise Connection Program. Accordingly, Governor of the State Bank Nguyen Van Binh directed that this model be replicated in provinces and cities nationwide.
To promote the effectiveness of the Program, in addition to the efforts and proactiveness of the Banking sector and related ministries and branches; the active participation and direction of Party committees and local authorities play a very important role in the success of the Program, contributing to strengthening the connection and promoting credit relations between banks and enterprises.
Banks have built their own programs to support businesses. |
Specifically, leaders of provincial and municipal People's Committees shall preside over and work with the local banking sector to proactively resolve difficulties and problems of enterprises through organizing direct dialogues between banks and enterprises; direct the proposal of appropriate connection models between the banking sector and localities to contribute to stabilizing and developing the socio-economy in the area; have specific and practical solutions for each group of enterprises facing difficulties. At the same time, direct the development of local socio-economic development programs associated with the bank-enterprise connection program for synchronous implementation.
Local leaders must support and facilitate credit institutions and credit institution branches operating in the area to expand and increase credit; simplify administrative procedures related to banking activities (such as handling collateral, confirmation procedures, notarization, etc.); ... create favorable conditions for enterprises in credit relations with banks. In the process of implementing the bank - enterprise connection program, depending on the specific needs of each locality, it is possible to expand the scope of subjects such as cooperatives, household economy, small traders in wholesale markets, etc.
It can be seen that, with the close support and direction of the State Bank, Hanoi city and the provinces of Bac Ninh, Thai Binh, Phu Tho, Thanh Hoa, Khanh Hoa, Kon Tum, An Giang, Long An, Dong Thap... have started to take action. In particular, Thai Binh province has 6 bank branches participating in supporting loans for 11 enterprises with a total loan capital of more than 938 billion VND. Thanh Hoa province has 7 bank branches participating in lending to 13 enterprises with a total committed capital of nearly 770 billion VND. Khanh Hoa province has 5 bank branches supporting loans for 31 enterprises with a total capital of more than 1,266 billion VND... Although Hanoi city joined the program later, in the first "launch", 11 banks in the area participated in the program with a committed capital of 11,297.6 billion VND. Here, 3 enterprises were able to borrow over 300 billion VND with preferential interest rates from 7 - 7.5%/year. |
As one of the banks that actively participated from the very beginning, Mr. Nguyen Minh Tam - Deputy General Director of Sacombank realized that this is a period that requires specific and practical actions to support businesses to overcome difficulties, stabilize and develop production. Because the programs that the bank has implemented have all had results, many contracts have been disbursed to the required destination and specifically to each business. "We evaluate this program as not only a credit activity within the scope of participating banks but also the determination of local authorities together with businesses through their practical actions, contributing to making business and production activities more stable", Mr. Tam said.
Ms. Nguyen Thi Ngoc Van - Deputy General Director of Dong A Bank's Corporate Banking Division also said that to show the sense of responsibility to share difficulties with enterprises, especially regarding interest rates, with the target of credit growth of about 12% in 2014, the Bank has registered a support package of 2,700 billion VND for loans under the connection program with interest rates of only 6 - 9%/year. In addition, the Bank also has a separate program for enterprises in the fields of garment, animal feed supply, cattle feed... with low interest rates.
However, to proactively source preferential capital to accompany the connection program, leaders of the State Bank branches in some provinces and cities proposed: local leaders need to have accompanying solutions such as market support solutions, credit guarantees and businesses themselves must strive to improve their financial capacity. These solutions will create trust in the credit relationship between banks and customers, increasing the effectiveness of the bank - business connection model.
According to Hai Yen/baotintuc
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