Maritime Bank to prioritize SME loans

Maritime Bank will prioritize lending to corporate clients, especially SMEs.

Nguyen Dinh Tung, deputy general director of Maritime Bank, revealed that the bank was restructuring its credit portfolio with more loans for SMEs operating in the manufacturing sector.

Tung said Maritime Bank was preparing to launch some loan packages with preferential interest rates for SMEs in dire need of funds for their production. He stated that the planned interest rates could be 1-2 percentage points lower than market levels and that the bank would manage to reduce operational costs and increase profitability from other activities to compensate for this difference.

Tung said the bank planned to provide loans that it could break even to certain enterprises but did not explain about the beneficiaries of these special loans. He added that this long-term program would also provide enterprises, particularly SMEs with appropriate supporting packages that also included solutions to finance management and corporate governance in addition to bank loans.