OCB, C.T Group sign cooperation deal

August 02, 2012 | 09:34

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Orient Commercial Bank, or OCB, and C.T Group on Tuesday struck a cooperation agreement under which OCB will provide financial support for the enterprise while receiving assistance to develop its retail services.

Under the agreement, the bank will become one of the main lenders to give solutions and services for C.T Group. OCB will prioritize provision of short, medium and long-term credits for the enterprise through its lending programs for various sectors such as retail, real estate and logistics.

Meanwhile, C.T Group pledges to place OCB’s ATM booths at strategic locations in HCMC and points of sale at all retail points of the group. The enterprise will also assist OCB in issuing credit cards for 400,000 VIP clients of its retail network.

OCB is in a strategic cooperation deal with CT Song Than Joint Stock Company, a subsidiary of C.T Group, as well.

SaigonTimes

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