Foreign banks to lend $100 mln to VietinBank

Friday, 17/04/2015 GMT+7

Three foreign banks led by Japan's Bank of Tokyo-Mitsubishi UFJ will provide a $100 million syndicated loan to VietinBank, the largest of Vietnam's banks part-owned by private companies, the Vietnamese bank said on Thursday.

The loan, also provided by France's BNP Paribas and Mega International Commercial Bank, will supplement VietinBank's funds in foreign currencies, the Hanoi-based lender said in a statement. It gave no further details of the credit.

The Bank of Tokyo-Mitsubishi UFJ owns 19.73 percent of VietinBank, also known as the Vietnam Bank for Industry and Trade.

VietinBank shares were flat at 18,100 dong ($0.84) each before the break on Thursday.

Written : admin

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Foreign banks to lend $100 mln to VietinBank

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