News Release


Technical Service Agreement with Vietnam Export Import Commercial Joint Stock Bank(1/1)

 @@@@@@@@@@@@@@@@@@@@@@@@@@@@@August 5, 2009

 

Sumitomo Mitsui Banking Corporation

 

Technical Service Agreement with Vietnam Export Import Commercial Joint Stock Bank

 

TOKYO , August 5, 2009 --- Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) announced that SMBC signed a Technical Service Agreement with Vietnam Export Import Commercial Joint Stock Bank ("Vietnam Eximbank"), one of the leading commercial banks in Vietnam .

 

This Agreement aims to strengthen the technical support provided by SMBC which has been ongoing since the business alliance was formed in 2007. Corporate governance know-how including risk management and suggestions concerning operational improvement in SME and retail banking fields will be provided. SMBC will support Eximbankfs future development. In addition it will enhance its business opportunities in Vietnam by strengthening financial services to Japanese corporate clients through Eximbankfs retail business and local network.

 

 

 

Outline of Vietnam Eximbank

 

(1)               Name:                                          Vietnam Export Import Commercial Joint Stock Bank

(2)               Location of Head Office:               7 Le Thi Hong Gam St , Dist 1, Ho Chi Minh City

(3)               Chairman:                                     Mr. Nguyen Thanh Long

(4)               Managing Director General:           Mr. Truong Van Phuoc

(5)               Establishment:                               May, 1989

(6)               Total Assets:                                USD 3.08Billion (as of June, 2009)

(7)               Total Capital:                                USD 762 Million (as of June, 2009)

(8)               SMBC Share Holding Ratio:     15%




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