Home Finance

Viet Capital Bank launches programme to lend to coffee growers, traders

Feb 22nd at 11:13
22-02-2016 11:13:42+07:00

Viet Capital Bank launches programme to lend to coffee growers, traders

Viet Capital Bank has in collaboration with agricultural commodities trader Intimex Buon Ma Thuot launched a programme called ‘Providing capital for coffee production and trade' in Dak Lak Province.

 

Individuals and businesses requiring credit for carrying on coffee production and trading can mortgage finished products or raw coffee to borrow up to 70 per cent of the value from the bank for a month to a year.

The bank will warehouse the mortgaged goods for free at Intimex Buon Ma Thuot warehouse if a borrower sells them to the company besides waiving related fees such as stevedoring, insurance premiums, and others.

bizhub

MOST READ

NEWS SAME CATEGORY

Central bank to keep interest rates stable in 2016
FINANCE Feb 22nd at 11:12

Central bank to keep interest rates stable in 2016

Though experts forecast a rise in lending interest rates in 2016, a central bank official believes it is feasible to keep the rates stable and reducing it slightly...

Vietnam's Military Bank seeks double foreign ownership limit this month
FINANCE Feb 19th at 14:31

Vietnam's Military Bank seeks double foreign ownership limit this month

Military Commercial Bank (MB), Vietnam's fourth biggest listed lender by market value, expects to offer foreign investors an additional 10 percent stake this month...

Credit institutions asked to up lending to boost business
FINANCE Feb 19th at 13:12

Credit institutions asked to up lending to boost business

State Bank of Viet Nam (SBV) Governor Nguyen Van Binh on Wednesday asked credit institutions to boost lending right after Tet (Lunar New Year) in a move to support...

Banks to raise capital to meet Basel II standards
FINANCE Feb 18th at 14:05

Banks to raise capital to meet Basel II standards

Large local banks, which are chosen by the State Bank of Viet Nam (SBV) to apply Basel II governance standards, are trying to increase capital to meet the standards.

Banks offering post-Tet holiday promotions to attract depositors
FINANCE Feb 18th at 14:03

Banks offering post-Tet holiday promotions to attract depositors

Local commercial banks are offering diversified promotion programmes to attract depositors at first working days after Tet (Lunar New Year).

Techcombank sees pre-tax profit rise 44 per cent
FINANCE Feb 18th at 09:08

Techcombank sees pre-tax profit rise 44 per cent

The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) reported a profit before tax of VND2.037 trillion (US$90.9 million) in 2015, 43.8 per cent...

SBV approves MBBank-Song Da Finance merger
FINANCE Feb 17th at 15:31

SBV approves MBBank-Song Da Finance merger

The State Bank of Viet Nam (SBV) has issued a decision to approve the merger of Song Da Finance Company (SDFC) and Military Commercial Joint Stock Bank (MBBank).

New lending rules to help banks: Moody's
FINANCE Feb 17th at 10:57

New lending rules to help banks: Moody's

The State Bank of Viet Nam (SBV)'s recent proposals on tightening lending rules would benefit local banks, the rating agency Moody's said on Monday.

Higher tax collection expected in 2016
FINANCE Feb 17th at 10:44

Higher tax collection expected in 2016

The collection of tax arrears in 2016 would be higher than that of last year, General Director of Taxation Bui Van Nam said.

Sacombank loses $26m in Q4 2015
FINANCE Feb 16th at 19:53

Sacombank loses $26m in Q4 2015

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) reported a loss of VND583.26 billion (US$26.05 million) in post – tax profit in the fourth quarter of...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top