Business

DongA bank participates in IFC’s financial support

DongA Bank will join IFC in a global programme to help businesses access more capital.
The DongA Commercial Joint Stock Bank (DongA Bank) will join the International Finance Corporation (IFC) in a joint global financial support programme to help businesses access more capital.

Under the contract signed between the two sides in Ho Chi Minh Cityon August 29, IFC will provide a guarantee worth 20 million USD 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.-VNA
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