Habubank Joins ADB Trade Finance Programme

Hanoi Building Commercial Joint Stock Bank (Habubank) has been officially selected to join the Asian Development Bank’s (ADB) Trade Finance Programme (TFP). The Trade Finance Program provides guarantees and loans to partner banks in support of international trade.

 

Habubank is now one of 10 Vietnamese banks chosen by ADB for this programme. Ms Bui Thi Mai, General Director of Habubank, said: “When joining this programme, banks like Habubank will have clear advantages like the guarantee of AAA credit ratings by ADB, the quick response within 24 - 48 hours and enthusiastic supports of ADB’s professional trade specialists. This is definitely an opportunity to add values for Habubank’s customers and another step to speed up the global integration of Habubank.”

 

Steven Beck, TFP Manager, said: In 2010, ADB's Trade Finance Programme supported trade transactions worth US$2.8 billion. Last year, Vietnam was one of biggest TFP recipients and will certainly boost up the employment of capital this year.