EVN Finance joint stock company set up

22/07/2008 -- 4:53 PM

Hanoi (VNA) - The State Bank of Vietnam has granted licence to set up the Electricity of Vietnam Finance Joint Stock Company (EVN Finance). With a legal capital of 2.5 trillion VND (147 million USD), EVN Finance will be operational by September. According to EVN Finance Director Hoang Van Ninh, Electricity of Vietnam (EVN) contributed 40 percent of the company’s total capital, the An Binh Bank (ABBank). 8.4 percent, and the Refrigerating and Engineering Joint Stock Company (REE), 1.8 percent. The company will receive deposits, issue bonds, take loans and entrusted capital from domestic and foreign governments, organizations, and individuals, and perform other financial services.-Enditem
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