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Market reverses course on weak liquidity
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| Customers conduct transaction at a HDBank transaction office in HCM City. — VNS Photo Courtesy of HDBank |
Viet Nam News
HCM CITY — The HCM City Development Joint Stock Commercial Bank (HDBank) is offering an attractive credit package with 6 per cent interest for the first two months or 8.5 per cent for the first six months for doing business and agriculture.
The rates will be applicable only for loans approved by June 30 and disbursed by July 31, and will be fully secured by property.
Borrowers will also be issued credit cards with a maximum limit of VNĐ500 million (US$21,929).
At the end of last year, the lender’s total outstanding loans were nearly VNĐ110 trillion after increasing by 27 per cent.
Non-performing loans accounted for 1.51 per cent. — VNS
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