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SUPPORT ENTERPRISES IMPACTED BY COVID-19

Date Deployment: From date 01/07/2020 to end date 30/09/2020.
Eligible customers: Corporate customers directly affected by Covid-19 via SCB’s assessment.

Program

I. Credit granting transactions

Duration: 03/03/2020 - 30/04/2020.

Targeted customers:Corporate customers directly affected by Covid-19 via SCB’s assessment.

Details:

Preferences on lending interest rate:

  • Loan term ≤ 6 months: decrease by 0.5%/year
  • 06 months < loan term ≤ 12 months: decrease by 0.5%/year in the first 06 months.
  • Loan term > 12 months: decrease by 1%/year in the first 06 months

Preferences on international payment fees: Decrease by 30% L/C issuance fees

II. The program “Online transaction at SCB - Joining hands for community's health

Duration: 06/03/2020 - 30/04/2020.

Targeted customers:

  • New and current corporate customers having current deposit accounts at SCB;
  • Not applicable to corporate customers benefiting from free of/discounted service fees within preferential lists during the program.

Details:

  • Preferences on deposit interest rate: 0.4%/year added when using VND term online investment and not exceeding deposit interest rate ceiling of Vietnam State Bank;

    Notes: Applied to new and rollover transactions during the program.

  • Preferences on service fees: 30% refund of service fees arising during the program: remittance fees via Internet Banking; service fees for transactions via fax; service fees for bank statement receipt via email.

Outstanding benefits:

  • Safe online transactions, risks by the pandemic are limited;
  • Profit increased when making online deposit;
  • Saving costs for corporate customers: low transaction fees together with preference of fee refund.

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