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).
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.
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”.