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Signing Ceremony on Financing and Payment Guarantee among PG Bank, Indovina Bank and Vietnam Petroleum Transport JSC

Hanoi, 09 May 2010 - PG Bank and Indovina Bank and has teamed up for financing and payment guarantee for 02 shipbuilding projects of Vietnam Petroleum Transport JSC (VP).

This contract valued 19.646.604USD (Nineteen million, six hundred and forty six thousand, six hundred and four dollars), equivalent to 75% of 02 ships value. Loan term is about 10 years including grace period.

Mr. Nguyen Tien Dung, Deputy CEO of PG Bank stated that: "The Bank has sponsored for many major projects including shipbuilding ones. The involvement of PG Bank in this time continuously affirms the Bank’s potential as well as the investor’s trust when choosing PG Bank as focal point of financial service”.

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