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VietinBank borrows US$155 mil. from German banks

Feb 05, 2013, 7:58 PM (GMT+7)
Vietnam Bank for Industry and Trade, or VietinBank, on Monday signed an agreement to borrow around US$155 million from two German banks, Dusseldorf branch of Sumitomo Mitsui Banking Corporation (SMBC) and KfW IPEX-Bank GmbH. According to a statement released by VietinBank on Monday, Euler Hermes, an export insurance company of the German government, provides insurance service of up to 85% of the... 
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