HANOI: BIDV, Vietnam’s second-biggest bank by assets, on Friday secured a $105-million syndicated loan with 11 foreign lenders, led by Taiwan’s Cathay United Bank, BIDV said in a statement.
The banks, including Taiwan’s Shanghai Commercial & Savings Bank, Far Eastern International Bank and Chang Hwa Commercial Bank, will make the loan, which has a five-year maturity.
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Hanoi-based BIDV will also boost cooperation at its overseas subsidiaries with Cathay United Bank, especially in Cambodia, Laos and Myanmar, the statement said.
