ABBANK will use a limited credit VND 1000 billion to sponsor (fund) the SMEs’ capital. Particularly, ABBANK will take the initiative and ABBANK is the first bank applied the maximum loan interest that is 95% the average loan interest compared to the same period of the other commercial banks. At once, SMEs that work in the direct import-export field are favoured by ABBANK.
Mr Pham Quoc Thanh – Vice General Director ABBANK said: to meet the demand as well as the difficulties of more than 100.000 SMEs at present in HCM City and other provinces, ABBABK provided SMEs with the flexible fianancial solutions. Besides the high credit line, preferential interest rate, our bank diversified the guarantee assets to accord with the kinds of operation of SMEs. Particularly, we have approved, appraised…simply to ensure ontime to solve the files since ABBANK received all regular vouchers maximum 3 days, SMEs approached the source of capital easily.
Mr Thanh also said, if the SMEs’customers mortage the immovables, ABBANK will lend the limit up to 80% of the value of the guarantee assets. If the customers mortage the movables, SMEs will lend them up to 65% of the guarantee assets. In the particular case SME has receivable accounts from EVN and companies that ABBANK approves, the lend limit will come up to 90% of the receivable accounts’value.
Besides the financial solutions to capital, the capital approach, ABBANK assists SMEs in managing, using the source of capital effectively and achieving high value in business. ABBANK also provides SMEs with hot line to reflect urgent problems opportunely if the customers are not pleased with the service. Since then, ABBANK will improve the service’s quality as well as the employees to serve the customers better.
At the end of July, ABBANK’s debt of credit reached more than VND 3.054 billion, an increase of 122% compared to the period, June,2007. Also 30/07/2007, the total of mobilization of ABBANK from economical and individual organizations is more than VND 5.851 billion, an increase of 105% compared to June, 2007.
On August 28th, 2007, ABBANK launched the first transaction at A3-A4 Trade Center, 30/4 Road, Tay Ninh Town, Tay Ninh Province. And on August 31st, 2007, ABBANK launched ABBANK Huynh Van Banh, distributed to raise 27 the number of ABBANK’s net in the South and 44 all over the country.