At an office of Vietinbank. (Photo infomoney.vn)

Hanoi (VNA) – The Vietnam Joint Stock Commercial Bank of Industry and Trade (Vietinbank) has signed a syndicated loan agreement worth 100 million USD with eight foreign financial institutions.

The institutions are Deutsche Bank AG – Singapore branch, Commerzbank AG – Luxembourg branch, Erste Group Bank AG, E.SUN Commercial Bank Ltd., CTBC Bank Co.Ltd Singapore, First Commercial Bank – Overseas branch, State Bank of India-Singapore, and Taishin International Bank.

The signing of the agreement has not only asserted the prestige of Vietinbank on the international financial market but also reflected the confidence of investors as well as international financial institutions, said Tran Minh Binh, Vietinbank Deputy General Director.

He spoke highly of the cooperation with eight banks under the arrangement of the Deutsche Bank AG – Singapore branch, adding that the agreement will open up more opportunities for collaboration between Vietinbank and these partners.

With this 100 million USD, Vietinbank pledges to better serve capital demand of major Vietnamese enterprises, he added.-VNA