HÀ NỘI — Tiên Phong Commercial Joint-Stock Bank (TPBank) has received US$45 million from the Asian Development Bank (ADB)’s Trade Finance Programme (TFP), bringing the total to $75 million. The additional trade finance will help to considerably improve TPBank’s credit capacity in the market. Santosh Pokharel, TFP’s relationship manager, said the additional trade finance was decided after ADB reviewed TPBank’s details. TPBank General Director Nguyễn Hưng said ADB increased guarantees for TPBank by 2.5 times in a very short time, showing the foreign bank’s confidence in TPBank. In addition to ADB, TPBank has been attractive to other foreign partners.

Source: Viet Nam News August 17, 2017 10:18 UTC