VIB signs credit agreement with FMO

Vietnam International Commercial Joint Stock Bank (VIB) has recently signed a credit agreement with Netherlands Development Finance Co (FMO) whereby VIB will have more capital sources to support exporters and importers in Vietnam.

Particularly, VIB will get a preferential credit source from FMO through Global Trade Finance Programme of Asian Development Bank (ADB).

FMO is a development finance company of Netherlands with the target of supporting the individual areas in the new market.

With the investment portfolio of euro 5.9 billion, FMO is one of the biggest bilateral banks in the European private sector.

 

Category: Business