In the context that the COVID-19 translation continues to negatively affect economic activities, the State Bank requests credit institutions to continue solving problems for affected borrowers by rescheduling the loan repayment term, exempting reduce interest rates, fees, …
State Bank of Vietnam (Photo: H Trang)
On March 5, the Governor of the State Bank of Vietnam (SBV) issued Document No. 1370 continuing to require credit institutions and foreign bank branches (CIs) to take measures to strengthen to combat and remove difficulties caused by the COVID-19 epidemic.
Commenting on the epidemic situation, the State Bank said that COVID-19 epidemic continued to break out over the past time, complicated developments in some provinces and cities: Hai Duong, Quang Ninh, Hanoi, Ho Chi Minh, Hai Phong. , Gia Lai… had a negative impact on the life, society and business activities of the economy.
Therefore, in order to help overcome difficulties caused by the impact of translation, the State Bank requires the Chairman of the Board of Directors / Board of Directors, General Directors / Directors of Credit Institutions, and Director of the State Bank of Vietnam to direct branches and transaction offices. in the whole system, strictly implementing epidemic prevention.
At the same time, proactively formulating plans to ensure the safety, continuity and smoothness of banking operations in all situations.
Along with that, the State Bank proposed credit institutions to continue implementing solutions to help customers with loans affected by epidemics such as: rescheduling of debt repayment terms, exemptions from interest and fees, to provide new loans,… according to its competence and regulations in Circular 01.
On the other hand, banks need to promote online banking products and services, implement solutions to promote non-cash payments; simplifying processes and procedures, creating conditions for customers not to go directly to the transaction bank, contributing to reducing the risk of epidemic spread.
The Governor also requested credit institutions to seriously report on the results of removing difficulties for customers affected by COVID-19 epidemic and difficulties and problems arising in the implementation process.
With the State Bank branches in provinces and cities, the Governor asked to strictly follow the instructions of the Prime Minister, the Governor of the State Bank of Vietnam, the Steering Committee for epidemic prevention and the local authorities at all levels on COVID prevention. -19.
In particular, the State Bank branch must urge branches of credit institutions in the area to drastically implement solutions to remove difficulties, create conditions for borrowers affected by COVID-19 translation as prescribed.
At the same time, coordinate with local authorities to direct and effectively implement the support and remove difficulties for borrowers affected by translation and promptly report to the State Bank of Vietnam, the People’s Committee of the province or city. dealing with problems that arise beyond authority.
Particularly for the State Bank of Vietnam Hai Duong branch, because the epidemic is still complicated and possibly prolonged, the State Bank branch is requested to direct the local credit institutions to urgently review and coordinate with the local authorities to fight against price of difficult situation and damage caused by COVID-19 epidemic.
On that basis, building a scenario of the banking industry, proposing specific solutions to remove difficulties for customers affected by the epidemic, reporting to the SBV through the Credit Department for economic sectors.
According to Economy & Consumption
