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Norwegians fund loans for small businesses

Update: March, 03/2012 - 08:58

HA NOI — Techcombank will receive a loan worth US$15 million from the Norwegian Investment Fund for Developing Countries (Norfund), according to an announced on February 24.

Under the agreement, Norfund will supplement Techcombank's capital resources for loans to small- and medium-sized enterprises (SMEs) in Viet Nam.

"Norfund's investment will help diversify the bank's business capital sources and contribute to achieving Techcombank's objectives to work with SMEs for sustainable development," said Techcombank CEO Simon Morris.

The agreement is the most recent in a series of credit deals Techcombank has made with international credit institutions to strengthen its credit sources to support SMEs in Viet Nam.-VNS

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