Nghe An: More than 180,000 customers affected by the epidemic have their interest rates exempted or reduced
(Baonghean.vn) - In order to share difficulties and support organizations, individuals and businesses to overcome the Covid-19 pandemic, credit institutions in Nghe An have been implementing support measures such as: Restructuring debt repayment terms; exempting and reducing loan interest...
According to the State Bank of Vietnam, Nghe An branch, to date, credit institutions in the area have restructured the debt repayment period and maintained the debt group for 2,134 customers with a total debt value (principal and interest) with restructured debt repayment period (accumulated from March 13, 2020) of VND 3,550.4 billion. Of which, there are 257 corporate and cooperative customers with a total restructured debt value of VND 2,953 billion.
Credit institutions have exempted, reduced, or lowered loan interest rates for 180,570 customers with a total debt value exempted, reduced, or lowered interest rates (accumulated from January 23, 2020) of VND 109,674 billion, the amount of interest that credit institutions have exempted or reduced for existing loans is VND 191.73 billion. Of which, there are 2,371 corporate and cooperative customers with a total debt value exempted, reduced, or lowered interest rates of VND 52,128 billion; the amount of interest that credit institutions have exempted or reduced for existing loans of corporate and cooperative customers is VND 99.5 billion.
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| Many businesses affected by the pandemic are looking forward to extending and reducing interest rates. In the photo: Production at the Royal Foods factory, Nam Cam Industrial Park. Photo: Thu Huyen |
New loans with lower interest rates than before the pandemic with sales to date reaching 151,438.3 billion VND for 120,974 customers. Of which, 1,980 business and cooperative customers have received new loans with accumulated sales of 64,979.3 billion VND.
In addition, the Provincial Social Policy Bank has implementeddebt restructuring and maintaining debt groupfor 11,092 individual customers with a total debt value of 259.2 billion VND with restructured repayment terms; new loans for 2,964 individual customers with an amount of 114.6 billion VND.
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| Trong Phuc Garment Company Ltd. in Dien Chau district has 173 workers who have been able to borrow nearly VND800 million with a 0% interest rate to restore production. Photo: Thu Huyen |
The bank has also disbursed loans to 24 enterprises that meet the conditions for loans to pay workers who are suspended from work due to the pandemic according to Resolution No. 42/NQ-CP and Resolution No. 68/NQ-CP of the Government, with a total disbursement amount of nearly VND 4 billion. Currently, the provincial Social Policy Bank is still closely coordinating with departments, branches, and localities to continue considering disbursement for customers who meet the conditions for loans to pay workers who are suspended from work due to the pandemic according to Resolution No. 68/NQ-CP of the Government.
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| Yen Thanh District Social Policy Bank transaction office signed a credit contract to support businesses in borrowing capital to restore production due to the epidemic. Photo courtesy of Thu Huyen |
According to Mr. Doan Manh Ha - Deputy Director of the State Bank of Vietnam, Nghe An branch, based on grasping the recommendations of people, businesses, and business associations in the area through hotline channels, receiving documents...State Bank of Vietnam, Nghe An Branchpromptly and satisfactorily responded to the people, businesses, and business associations on issues related to the general policies and guidelines of the banking sector. Specific recommendations from each customer and business to each bank were directly directed by the unit, and a document was issued assigning tasks to commercial banks for consideration and handling. During the implementation process, the State Bank of Vietnam, Nghe An Branch, regularly monitored and urged banks to promptly review and organize work with customers to promptly and satisfactorily handle customers' recommendations.
Up to now, basically all customer requests related to access to credit capital, debt repayment restructuring, debt group maintenance, and interest rate reduction have been promptly handled by Nghe An Banking sector, receiving customer consensus.