IIB Russia, VietinBank sign loan agreement

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The International Investment Bank (IIB) and the Vietnam JSC Bank for Industry and Trade (VietinBank) signed a loan agreement in the presence of Russian and Vietnamese Prime Ministers Dmitry Medvedev and Nguyen Tan Dung. IIB will extend a loan to VietinBan? in amount of 15 M Euro for a period of 3 years. The loan terms allow to direct funds at programs supporting SMEs, one of priorities of social and economic development of Vietnam that also fully corresponds to the strategic principles of IIB’s loan policy. IIB is planning to promote its cooperation with Vietnam on bilateral basis as well as through implementation of projects with partners from other member-states of the Bank.

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