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Gathering capital for SMEs (27/8)
27/08/2013 - 15 Lượt xem
Ensuring capital sufficiency and convenient banking services
The
SMEs seldom have financial resources to maintain operations for a long
period of time in the economic slowdown. Therefore, what they are
interested in is cash flows instead of profits as the cash flows could
make them viable. To meet this demand, many banks including VPBank have
adopted credit packages to support SMEs. Fung Kai Jin, the Director in
charge of SMEs at VPBank said, “We have designed credit products for
SMEs only such as loans in foreign currency with lower interest rates,
the SME Success Program offering competitive interest rates to support
customers at the early stage of their loans. Apart from loans, VPBank
also develops cash collection and payment services to help SMEs use
working capital effectively.”
At
present, many enterprises said despite many preferential credit
packages, it is not easy to access bank loans. A leader from a joint
stock bank said that, like SMEs, banks are also facing difficulties. In
difficult economic circumstances, banks need to be cautious about
capital disbursement to avoid bad debts. A weak bank will not be able to
support economic growth. Therefore, banks are tightening their
borrowing conditions. However, to reach the credit growth target of 12
percent for this year, commercial banks are making great efforts to pour
capital to support domestic economic growth. Fung Kai Jin said, “In the
remaining six months of in 2013, our loans for SMEs will increase by
more than 10 percent. We target a credit growth of 15 percent for this
year. VPBank will tighten risk and infrastructure management to ensure
sustainable finance and credit growth.”
Business plans are to open the credit door
To
offer solutions for weak SMEs to access bank’s capital sources, Fung
Kai Jin said that if SMEs want to access new loans, they need to present
their business plans with high feasibility. This is a very important
factor as the banks have to identify whether that enterprise could earn
enough revenue to pay bank loans.
SMEs
are important customers under long term strategies of banks, including
VPBank. Therefore, Fung Kai Jin said that in the second half of this
year, VPBank would make internal changes to better support its SME
customers. It will invest in human resources and simplify its service
products to meet customer’s demand rather than only compete in terms of
interest rates./.
Source: VEN.
Source: VEN.
