SHB provides up to 90% of capital to Kim Long Motor components supplier

Anh Thắng |

SHB provides credit packages to enterprises in the input supply chain to Kim Long Motor, supporting up to 90% of capital needs.

Saigon - Hanoi Commercial Joint Stock Bank (SHB) deploys flexible financial solutions for businesses supplying raw materials, components, equipment and input services for Kim Long Motor to optimize cash flow and production plans of units in the automobile industry.

The credit package is designed with a limit of up to 90% of capital needs and a maximum loan term of 9 months. SHB applies a loan method by installment or on a limited basis, in VND or foreign currency depending on the actual needs of each enterprise.

The credit package stands out with the flexibility of loan guarantee assets, which are the right to collect debts/cks collected from Kim Long Motor, helping suppliers and units in the supply chain not need to mortgage fixed assets, while still ensuring access to capital, in accordance with operating characteristics and flexible cash flow.

"Not only providing timely capital support, SHB wishes to accompany suppliers to be more proactive in production plans, while reducing financial pressure, and cooperating best when participating in the supply chain with Kim Long Motor - a company expanding its scale and improving domestic vehicle quality standards," SHB representative shared.

The implementation of the supply chain support package is part of SHB's strategic orientation, promoting the tripartite linkage between "banking - supplier - central enterprise". Thereby, SHB hopes to contribute to building a sustainable financial foundation for the domestic automobile industry. At the same time, the Bank always closely follows the orientation of the Party and State, contributing to the implementation of Resolution 68 on private economic development, promoting domestic enterprises.

Recently, SHB also implemented a preferential lending program for businesses that want to buy Kim Long Motor vehicles, with a leading competitive policy in the market along with streamlined application and procedures. The bank sponsors up to 85% of the vehicle's value, the maximum loan term is 72 months, mortgaged by the purchase property itself. With flexible loan terms and high funding rates, SHB is committed to accompanying and helping businesses invest in vehicles for business and transportation to become more convenient and easy.

Through the simultaneous implementation of corporate finance in the supply chain for Kim Long Motor and the car purchase incentive lending program, SHB provides comprehensive capital flows in the ecosystem of enterprises in the production, supply and service chain. This is a practical step to promote businesses to develop the automobile industry, transportation... to accompany the development of the economy, especially the private sector.

firmly holding the TOP 5 largest private commercial banks in Vietnam, SHB is implementing a strong and comprehensive 2024-2028 transformation strategy, with the goal of becoming TOP 1 Bank in terms of efficiency; Most Favorite Digital Bank; Best Retail Bank and the leading TOP Bank providing capital, financial products and services to private and state-owned strategic corporate customers, with supply chains, value chains, ecosystems, and green development.

Anh Thắng
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