HCM City (VNA) – SSI Securities Corporation, one of leading securities firms in Vietnam, on December 15 signed a contract for a85-million-USD unsecured loan with a group of nine foreign banks led by theUnion Bank of Taiwan (UBOT), the largest bank of Taiwan (China).
The12-month loan is the largest amount that a securities firm of Vietnam hasreceived from foreign banks so far. Earlier, the SSI got a 55 million USDloan from an financial institution group led by SinoPac to become the first security company in Vietnam toaccess foreign unsecured loans.
A representative of the SSI said that the expansion of foreignloan limit will lay the foundation for the firm to develop its business areasin a more effective manner. The firm plans to allocate the investment insecurities services and bond dealing, said the representative, adding that thiswill help SSI enhance its competitiveness and optimise its capital resources.
SSI is the biggest securities company in Vietnam. As ofSeptember 30, 2020, the charter capital of the firm had reached over 6 trillionVND, while its total property was worth nearly 27 trillion VND./.