DongA bank participates in IFC’s financial support
Under the contract signed between the two sides in Ho Chi Minh City on August 29, IFC will provide a guarantee worth $20 million to DongA Bank to ensure the bank’s obligation to beneficiary banks worldwide.
Speaking at the signing ceremony, Simon Andrews, IFC Regional Director for Vietnam , Cambodia , Laos and Thailand , and Tran Phuong Binh, General Director of DongA Bank, expressed their hope that the contract will contribute to supporting businesses and creating links and cooperation between the two sides for mutual development in the future.
Through the programme, DongA Bank will also have a chance to cooperate with many long established regional and global banks.The bank can provide floating capital to enterprises, mainly in the field of export and import.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- The promotion of ESG via banking (November 21, 2024 | 09:32)
- Standard Chartered committed to Vietnam’s financial success (November 21, 2024 | 09:24)
- Full ESG adoption the priority for Agribank (November 21, 2024 | 09:07)
- Banks entice youth with tech advances (November 21, 2024 | 08:00)
- Banks shaping the future as business advisors (November 20, 2024 | 21:00)
- ESG represents a shift towards sustainability for banks (November 20, 2024 | 13:00)
- GGGI supports Vietcombank’s debut of $80 million green bonds (November 20, 2024 | 11:20)
- SHB and the ESG journey: creating social value in every step (November 19, 2024 | 15:00)
- Banking sector contributes to ESG, green growth, and sustainable development (November 19, 2024 | 14:42)
- ESG implementation in banking: from awareness to action (November 19, 2024 | 12:08)
Mobile Version