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VietNamNews

Vietinbank issues loan to BTMU

Update: April, 18/2015 - 10:08
Representatives of VietinBank and its foreign partner at the signing ceremony of syndicated loan agreement. — Photo vietstock.vn
HA NOI  (VNS) — The Viet Nam Joint Stock Commercial Bank of Industry and Trade (VietinBank) signed a US$100-million syndicated loan agreement arranged by the Bank of Tokyo-Mitsubishi UFJ (BTMU) on Thursday.

The foreign banks participating in this agreement include BNP Paribas and Mega International Commercial Bank.

Speaking at the signing ceremony, Vietinbank board member Phung Khac Ke said the bank was committed to using the loan for the right purposes and to a rational use of resources to generate the highest return on investment.

The loan will be an additional significant source of foreign currency for VietinBank to meet businesses' demands for production and trade as well as the country's economic development. — VNS


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