MB low interest credit packages for SMEs

- Military Commercial Joint Stock Bank (MB) has announced a further cut interest rates credit package of incentives for small and medium enterprises (SMEs). The basis for interest rate reductions incentive programs this time of MB is because interest rates are trending downwards.

Specifically, the interest rate under the program "MB SMEs join forces with" times 2/2013 is adjusted down to the lowest level of 8.5% / year and incentive program medium-term credit to $ 1,500 billion 12% / year. At the same time, in order to meet capital requirements with preferential interest rates for SMEs, MB also increased credit scale package "MB SMEs join forces with" times 2/2013 on maximum residue levels 2.500 billion debt.

According to the original plan, preferential credit package interest rate 2/2013 MB for SMEs deployed from 16/4 to 6/30/2013 totaling 2.000 billion, however, developed after more than a month implementation, this incentive package has disbursed more than 2.000 billion. Thus, since the end of 2012, MB has made consecutive 3 program "MB shared power with SMEs".

In the program "MB join forces with SMEs" was 1/2013, MB has disbursed over the original plan, with a total investment value was 125%. Generally deployed in all 3 times, the "MB join forces with SMEs" has disbursed more than 5000 billion, is expected to contribute "cheap capital" for more than 1,000 enterprises in the field priority of the central bank oriented.

Share with the press, Mr. Dinh As Tuynh - Deputy Head of SME said: "We plan to support working capital with low capital costs for businesses, enabling maximum, to simplify procedures their easy access to capital and the desire of banks with corporate, small business development and production activities, promote growth. Therefore, the implementation of ongoing programs will help businesses access to cheap capital any time. "