Business

Sacombank receives American Wells Fargo award

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has been named a good growth bank in commercial sponsorship activities by the American bank Wells Fargo.
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has beennamed a good growth bank in commercial sponsorship activities by theAmerican bank Wells Fargo.

The award is based on criteria incommercial sponsorship transactions including Letter of Credit (L/C) andUsance Payable at Sight Letter of Credit (UPAS L/C) through WellsFargo.

In a bid to provide high-quality financial productsin Vietnam, Sacombank has carried out safe and convenient packages,bringing additional value to its customers.

In 2014, the bank’sinternational settlements reached over 6.8 billion USD, of which revenuefrom commercial sponsorship activities generated 2.3 billion USD.

Wells Fargo, founded in 1852, is the fourth leading bank in the US. Itcurrently provides financial services to 70 million customers includingindividual customers and corporations.-VNA
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