Agribank disburses 886.5 mn USD in credit to pandemic-hit borrowers
As of the end of June, the Vietnam Bank for Agriculture and Rural Development (Agribank) had disbursed 20.56 trillion VND (886.5 million USD) in credit to over 9,000 customers affected by the COVID-19 pandemic.
The Agribank headquarters in Hanoi. (Photo courtesy of Agribank)
Hanoi (VNA) - As of the end of June, the Vietnam Bank for Agriculture andRural Development (Agribank) had disbursed 20.56 trillion VND (886.5 millionUSD) in credit to over 9,000 customers affected by the COVID-19 pandemic.
The bankextended repayment deadlines for nearly 9,000 customers with loans totallingmore than 35 trillion VND and waived and slashed interest rates on a combined 8trillion VND for close to 1,000 borrowers.
As of theend of June, Agribank had total assets of over 1.46 quadrillion VND and totalequity of more than 1.35 quadrillion VND. Total outstanding loans andinvestment exceeded 1.33 quadrillion VND.
The bankaccounts for about half of all credit provided to the country’s agriculturesector./.
Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced it will continue to cut fees on all interbank transfers to support customers amid the COVID-19 pandemic.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it plans to reschedule debts worth 250 trillion VND (10.5 billion USD) for pandemic-affected customers in the second and third quarters of 2020.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to cut interest rates for short, mid and long-term loans in five priority fields, starting from May 13.
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The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
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The Agribank headquarters in Hanoi. (Photo courtesy of Agribank) 
