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’s future development. In addition it will enhance its business opportunities in Vietnam by strengthening financial services to Japanese corporate clients through Eximbank’s 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%