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State Bank of Vietnam (SBV) has written on 06.12.2013 approved the
4142/NHNN-TD for Commercial Joint Stock Bank (OCB) continue to be made
for borrowing temporary storage procurement of paddy, rice, summer-autumn 2013.
This is the 2nd Joint Stock Commercial Bank (OCB) was selected as one of the few banks participating in the loan above
Accordingly,
OCB-time implementation and disbursement of loans to purchase paddy,
rice stockpiling since 06/15/2013 and end on 07/31/2013 and temporary
storage time lending support to the best interest dated 09.15.2013. State budget will support 100% interest loan for business in time to buy paddy and rice for temporary storage.
OCB
financing procurement of paddy, rice according to the customer's needs
but not exceed the criteria for temporary storage allocated by the
Government, according to the conversion rate of paddy rice is 2:1; types
of rice, buy rice for temporary storage of Of rice and regular rice, fragrant rice. Loan
amount up to 100% of the plan for temporary storage or purchase 100% of
payment for paddy, rice for sale to customers is Vinafood 1, Vinafood 2
and the members of the Company, for with
other subjects, the 80% maximum loan purchase plan for temporary
storage or 80% of the payment for the purchase of paddy, rice for sale. At
the same time, OCB flexible handling of procedures and documents for
loan disbursement to ensure procurement plan for temporary storage of
the client completed before the deadline.
Mr.
Pham Linh, Deputy General Director in charge of Corporate Banking of
OCB, said: "In fact, OCB has deployed the solution package for the
financial sector enterprises rice with the aim of supporting companies
Rice Vietnam increase sales and improve financial capability. "
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