Sacombank Leasing Company has finalised a credit agreement worth $5 million with Norfund to assist the provision of medium and long-term capital to small and medium-sized enteprises (SME) in Vietnam.
In the last months of this year, profits of banks are being affected by fluctuations in interest rates and all too high capital costs. 2010 is the year of the volatile financial markets. Revenues from banking services (gold, foreign exchange, cards...) have dropped, which also affect the profits of banks. However, in that common situation, there are still some lenders who have made good profits.