ACB plans loans of US$50m for exporters at 6.5-7.5% pa
Asia Commercial Joint Stock Bank (ACB) recently decided to spend US$50 million financing exporters with an attractive preferential interest rate at 6.5-7.5% per annum.
The programme has started from December 20. The financing duration for each loan is six months.
Right after signing contracts or having Letter of Credit (L/C) of export, exporters could be financed up to 90% of the contract value.
