Lien Viet Bank receives IFC loan guarantee
The International Finance Corporation will provide a total guarantee worth US$5 million to Lien Viet Bank under an agreement signed last Thursday.
The agreement was part of the Global Trade Finance Programme in the framework of the Asian Development Bank’s annual meeting. Trade support under the programme will be conducted via letters of credit for imports and standby plus guarantees and bills of exchange.
The bank would also receive technological support from the International Finance Corporation and widen relations with more than 400 major banks throughout the world. – VOV
Tags: IFC, Lien Viet bank
Posted by VBN on May 9 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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