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Hanoi, 13 November 2009: Proparco - the subsidiary of the French Development Agency (Agence Française de Développement - AFD) and Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) have signed a credit facility agreement of USD20 million to reinforce the medium and long term lending capacity of Sacombank, to support its small and medium enterprises (SME) lending activity.
Sacombank Group announced yesterday to open Sai Gon Thuong Tin Commodity Exchange (Sacom-STE) next month with the key commodities for transaction being construction and industrial steel products.
Hochiminh City, 27 October 2009: As at 30 September 2009, Sacombank achieved a pre-tax profit of VND 1,536 billion, after providing for credit and financial reserves, but including profits from subsidiaries. Interest revenue accounted for 61.6% of profit, while the balance was earned from service and other income. Total assets jumped VND 98,243 billion and total surplus capital and funds reached VND 2,125 billion.
Nanning City, China, 20 October 2009: Saigon Thuong Tin Commercial Joint-Stock Bank (Sacombank) is the only Vietnamese bank participating in the 6th China-ASEAN Trade Fair (CAEXPO) at Nanning City, Guangxi Province. The trade fair, held from 20 to 24 October 2009, introduces ASEAN products to China, buyers and vice versa. Sacombank is showcasing its financial services to other ASEAN members and China. The bank’s northern Lang Son Branch serves many Chinese and Vietnamese cross-border traders.
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Updated at 10:28, 04/09/2015
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