Repayment term restructured for 571 customers

Update: 30-05-2020 | 12:03:41

The State Bank of Vietnam - Binh Duong Branch, said that by the end of April, credit institutions in the province have implemented solutions to remove difficulties for customers affected by Covid-19 in accordance with the Circular No. 01/2020/TT-NHNN dated March 13, 2020 of the State Bank of Vietnam, stipulating the restructuring of credit institutions and branches of foreign banks, exempt, reduce interest rates, fees, maintain the debt group to support customers affected by the disease; Directive 02/CT-NHNN dated March 31, 2020 of the State Bank of Vietnam on urgent solutions of the industry to strengthen prevention, control and overcoming difficulties caused by Covid-19 epidemic; Official Letter 3054/NHNN-TT dated April 28, 2020 on free remittance to support people in difficulties due to Covid-19 pandemic.

Accordingly, credit institutions have restructured loan repayment term for 571 customers with a loan balance of VND 2,262 billion; interest exemption and reduction for 2,316 customers with a loan balance of nearly VND 753 billion, an amount of interest exemption and reduction of VND 1.26 billion; New loans with preferential interest rates with cumulative sales from January 23, 2020 have reached over VND 24,947 billion to 4,470 customers.

Currently, the State Bank of Vietnam - Binh Duong Province Branch continues to direct, the branches of credit institutions in the area continue to cut operational costs, creating conditions for sharply reducing lending interest rates for balances, existing debt and new loans, speeding up the processing of customer proposals and proposals to create the most favorable conditions for customers.

Reported by Thanh Hong – Translated by Vi Bao

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Repayment term restructured for 571 customers

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