NCB launches products to finance businesses performing contracts and bidding packages with funding from the state budget and ODA

The National Citizen Commercial Joint Stock Bank (NCB) has introduced a product aimed at providing financial support to enterprises engaged in contracts or bidding packages funded by the state budget/ODA. This effort enables contractors to proactively secure financial resources and ensures timely project completion.

Providing credit for up to 90% of capital needs

NCB has developed a credit solution tailored for businesses that are contractors executing contracts or bid packages using state budget capital or ODA loans from foreign sponsors in various fields such as construction, machinery and equipment installation, raw material supply, and equipment provision.

With this product, NCB provides comprehensive support for businesses in accessing capital sources, meeting diverse needs and credit purposes of customers, from lending, issuing guarantees, letters of credit to credit commitments.

NCB provides flexible financial solutions for contractors implementing contracts with capital from the state budget, ODA

NCB provides financing for loans by funding up to 90% of customers' working capital requirements in the planning year or as specified in their business plan. Consequently, there is an augmentation of financial resources allocated to firms, which guarantees a seamless, uninterrupted, and efficient implementation procedure spanning from bidding to warranty.

Simultaneously, NCB provides adaptable rules, efficient timelines, and expedited loan approval processes, enabling customers to confidently submit bids and successfully execute projects within the designated timeframe. The bank accepts Debt Claims as collateral, with a financing rate of up to 75% of their value. Customers who own additional assets, such as real estate, vehicles, etc., have the option to raise the lending rate to a maximum of 90% of the collateral's value.

By resolving financial obstacles, alleviating worries about insufficient capital and recurring capital blockages, contractors are able to invest more significantly in specialized machinery and equipment. This, in turn, improves their bidding reputation, boosts labor productivity, and accelerates construction.

Simple procedures, optimal costs

NCB offers guarantee services that are tailored to the specific features and challenges faced by contractors at each step of contract execution. These services are characterized by easy procedures, fast processing times, and very favorable pricing. NCB offers a variety of guarantee solutions to its customers, such as bid guarantees, contract performance guarantees, advance guarantees, warranty guarantees, and pending settlement guarantees. Specifically, NCB facilitates customers to make deposits starting from a mere 0% of the guarantee amount, while simultaneously cutting the guarantee issuing charge by up to 30%. This offers enterprises a substantial degree of financial flexibility.

Furthermore, NCB facilitates enterprises by providing loan commitments to showcase their financial capability while engaging in bidding for contracts/packages funded by the state budget/ODA.

NCB continuously develops “tailor-made” financial solutions to meet the specific needs of businesses in each industry

NCB’s diverse, flexible, and practical policies not only create conditions for businesses to focus all their efforts to bring about the best business performance, but also demonstrate NCB’s commitment to accompany businesses in the context of many market challenges.

Previously, NCB continuously implemented incentive programs, giving momentum to businesses to recover and accelerate business, which were highly appreciated and trusted by the business community, such as preferential loans for manufacturing businesses; support for international payment transfer fees for import-export businesses; exclusive offers for businesses reactivating NCB iziBankbiz digital banking: discount code up to VND 5 million when using NCB services, gift of business suitcase, plus interest when businesses deposit savings online, etc.

NCB has announced its commitment to further create customized financial solutions in 2024, catering to the distinct requirements of businesses across all industries and sectors. By doing so, NCB ensures timely capital supply to the market, removes production and business obstacles, supports the advancement of economic growth factors, and enhances value for the community.

For more detailed information, program rules, and other attractive offers, customers can refer to the NCB website at https://www.ncb-bank.vn/, contact NCB transaction offices/branches nationwide, or call the hotline at (028) 38 216 216 - 1800 6166.