Under the agreement, the two parties plan to implement financial solutions to optimize capital efficiency, manage cash flow, and provide banking products and services with preferential policies for Petrolimex, its member units, and employees. Additionally, the Sun Group - NCB - VISA ecosystem will integrate exclusive programs to offer financial utilities, services, and experiences tailored to users' needs.
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Representatives of NCB and Petrolimex at the signing ceremony. Photo: NCB |
Representatives of NCB and Petrolimex at the signing ceremony. Photo: NCB
The bank also stated it will prioritize capital allocation and provide credit solutions for oil and gas projects by Petrolimex and its member units involving Sun Group. This aims to support the parties in arranging financial resources and implementing projects.
Ta Kieu Hung, a Board Member and Chief Executive Officer of NCB, stated that the strategic cooperation with Petrolimex marks the next step in NCB's journey to realize its "Companion" mission.
"NCB aims to become a financial partner, providing solutions tailored to the operational and development needs of leading corporations and enterprises in key economic sectors, accompanying the nation's development", Hung said.
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Ta Kieu Hung, a Board Member and Chief Executive Officer of NCB, speaks at the signing ceremony. Photo: NCB |
Ta Kieu Hung, a Board Member and Chief Executive Officer of NCB, speaks at the signing ceremony. Photo: NCB
The comprehensive cooperation agreement with Petrolimex was signed as NCB expands its corporate financing, supply chain funding, and infrastructure project investments.
According to the bank, NCB currently finances supply chains for over 180 businesses with a credit scale of trillions of VND, while also providing capital for approximately 70 projects nationwide. These include many large-scale and national key projects such as: infrastructure works for APEC 2027 in Phu Quoc; the Tran Hung Dao bridge project (Hanoi); the Central City Square and Administrative Center of TP HCM. Most recently, NCB became the funding bank and lead capital arranger for the construction of the road connecting Gia Binh airport to Hanoi.
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NCB dedicates significant resources to supporting economic development. Photo: NCB |
NCB dedicates significant resources to supporting economic development. Photo: NCB
Alongside expanding credit activities, NCB continues to increase capital to supplement resources for its business operations. The bank aims to raise its charter capital to 62,280 billion VND by 2027, approximately two times the current level. If NCB successfully implements this capital increase plan, it will set a record with five consecutive capital increases within six years (2021-2027), entering the top 10 banks with the largest charter capital in the Vietnamese banking market.
