Sacombank Sets Up Leasing Company

Headquarter of the Sacombank-LC in District 3 (Photo:T.C)

The State Bank of Viet Nam has recently given a green light for the Sai Gon Commercial Joint Stock Commercial Bank (Sacombank) to set up a financial leasing company, namely Sacombank-LC.

Headquartered at 278 Nam Ky Khoi Nghia Street in District 3, the Sacombank Leasing Company (Sacombank-LC) has a registered capital of VND100 billion and an operation time of 50 years.

The company is allowed to mobilize capital via issuing over one year-term deposits, getting loans from local and international credit organizations, issuing treasury bills, deposits certificates and over one year-term bonds.

Also, the company’s major operations involves in financial leasing, consulting, guarantee services, and property management.

Sacombank has a chartered capital of VND1.25 trillion, making it the country's largest commercial shareholding bank in terms of chartered capital.

By M.T – Translated by Trong Khuong

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