Nearly 1,500 businesses enjoy interest rate exemption, reduction

Illustrative photo: The State Bank has amended and supplemented a number of articles of Circular 01, allowing banks to keep debt groups

According to Hai Duong branch of the State Bank, by April 23, banks in the province had changed the debt payment dates of 988 clients with an outstanding balance of VND2,053 billion and given interest rate exemption and reduction to 24,439 clients with an outstanding balance of VND46,492 billion.

1,456 businesses enjoyed interest rate exemption or reduction for loans with a total outstanding balance of VND21,873 billion; the debt payment dates of 93 businesses were changed with an outstanding balance of VND1,588 billion; 796 businesses were granted new credits with accumulated loans from January 23, 2020 reaching VND19,014 billion.

Earlier, on April 2, the State Bank issued Circular 03/TT-NHNN amending and supplementing a number of articles of Circular 01, allowing banks to keep debt groups with the structured outstanding balance of debts accruing before June 20, 2020; extending the rescheduling of debt payment dates, interest and fee exemption and reduction to the end of December 31 this year; etc.

HA KIEN