VietinBank Securities bags $90 million syndicated loans from international banks 12:07 | 16/04/2021
International lenders signing the credit facility to support VietinBank Securities
VietinBank securities has received additional funding support with the recent signing of $60 million of syndicated loans, following a $30 million facility just a month ago.
On April 15, a consortium of major international lenders operating in Vietnam â Woori Bank Vietnam (Bac Ninh Branch), Taipei Fubon Commercial Bank Vietnam, and Cathay United Bank Vietnam â has inked an agreement to facilitate $60 million for the additional financial needs of VietinBank Securities.
In particular, Woori Bank Vietnam (Bac Ninh Branch) specifically provided $50 million, while Taipei Fubon and Cathay United provided $10 million altogether.
Featuring actor
Vijay Raaz, the film, a direct dig at CRED, telling people to come over the magicpin where people will get enough options of spending their
reward points.Rahul Dravid was the talk of Indira Nagar, and honestly, much of the country this past week, thanks to CRED’s latest ad where the ace cricketer is seen losing his mind while stuck in a traffic jam in Bengaluru. magicpin, an affiliate marketing platform has taken this opportunity, when people are still talking about CRED s film, to spoof CRED, taking a dig at their reward points system. magicpin’s insight behind the campaign was, ‘most CRED users have lakhs of points, but don t seem to know how or where to use them’.
National
April 16, 2021
ISLAMABAD: Pakistan will have to pay $2.2 million this year as commitment charges on a $400 million loan from the Manila-based Asian Development Bank (ADB) extended in 2015 to Pakistan for installing Advanced Metering Infrastructure (AMI) in LESCO and IESCO to reduce electricity theft and improve recovery through accurate billing, top official sources told The News.
They said: “However, the project was never installed in DISCOs and the government paid $1 million by 2018 as commitment charges which have now swelled up to $2.2 million.”
The PML-N government rendered the project dormant in 2018 contending that electric power distribution companies (DISCOs) had rejected the AMI project as they saw many shortcomings in it. Nonetheless, the PTI government decided to open the project when it came to power, but there has been no progress on AMI for two years and a half.
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