SeABank launches the interest rate aid campaign and pushes up consumption loan

Concretely, the supporting interest rate for loan is 4%/year according to the decision of Government. Maximum term of loan with supporting interest rate is 8 months, applied to the credit contract which is signed and paid from January 01, 2009 to December 31, 2009. Beneficiaries of this campaign are enterprises in accordance with the Decision number 131/QĐ-TTg of Government such as businesses producing goods domestic and overseas, construction businesses for the sake of low income people…

In addition, with aim to develop retail banking products and support customers in terms of consumption as well as stimulate demands, SeABank has launched consumption loan campaign with flexible and attractive interest rate for individual customers. Customers can borrow money for purchase of house, department; for change, repair or build house; for purchase of motorbikes, car; loan without collateral assets… The maximum loan amount applied to this campaign is from VND 300 million to 500 million. Especially, the maximum for consumption loan is up to VND 1 billion, depending on the using purpose, collateral assets and payability of customers.

According to Mr. Le Van Chi- SeABank’s CEO, in the context of global financial crisis, the Government’s campaign of financial aid is the prompt support for business to overcome difficulties and stimulate consumption. With this campaign, banks can support and give loan to customers, creating benefits for both banks and customers.

This campaign will be operated legally, openly and clearly to the incentive customers with the supervision to upgrade the credit quality. The bank officers who refuse the projects or make difficulties for customers will get strict treatment. We also strictly forbid the fraudulence for supporting interest rate.

Together with this campaign, SeABank actively pushes up credit activities to stimulate consumption. With flexible and useful products as well as competitive and attractive interest rate, consumer can easily choose a product which is suitable with his demand and payability.

At the end of the fical year 2008, despite the context of difficulties in financial banking field, SeABank still keeps the stable development growth with chartered capital of over VND 4068 billion (being one of three Vietnamese banks with the largest chartered capital); total assets of nearly VND 22797 billion, total mobilized fund of VND 16726 billion, loan balance on market 1 of VND 7586 billion and the number of customers is nearly 51000 nationwide.