| PARTNER |
|
The Joint Venture Bank between:
VIETNAM JOINT STOCK COMMERCIALBANK FOR INDUSTRIAL AND TRADE & CATHAY UNITED BANK
Indovina Bank Ltd. (IVB) is Vietnam's first joint venture bank and was established on 21 November 1990, under License No. 135/GP initially granted by the State Committee for Cooperation and Investment, and then reissued under License No. 08/NHGP dated 29 October 1992, by the State Bank of Vietnam. The joint venture partners are The Vietnam Bank for Industry and Trade (VietinBank)and Cathay United Bank (CUB) in Taiwan. Indovina Bank with the Head Office in Ho Chi Minh City and branches in Hanoi, HaiPhong, Danang, CanTho, Binhduong and Dongnai has become one of the foremost financial links for foreign companies investing and doing business in Vietnam. IVB also participates actively in the economic development of Vietnam by providing credit facilities to both state owned and private enterprises in their trading and manufacturing activities.
OUR SHAREHOLDERS Cathay United Bank (CUB), headquartered in Taipei, Taiwan is a wholly owned subsidiary of Cathay Financial Holding Company, the largest Financial Holding Company in Taiwan with total assets of USD 105.78 Billion (as of 31 December 2006). Subsidiaries of Cathay Financial Holding include Cathay Life Insurance, Cathay United Bank, Cathay Century Insurance, Cathay Securities, Cathay Pacific Venture Capital, Cathay Venture Capital, Cathay II Venture Capital, and Cathay Capital Management.
 Cathay United Bank is one of the largest private banks in Taiwan, especially in settlement of funds for Taiwan Stock Exchange, Taiwan OTC center, Taiwan Future Exchange Corporation and Central Bank's Trading Settlement system. As of 31 December 2006, its total assets and capital were USD 36 billion and USD 2.2 billion respectively. Cathay United Bank consists of 143 domestic departments and branches, 10 overseas offices and more than 169 transaction offices inside Securities Houses. Thanks to this large local and global network, and a leading technology infrastructure including 1,751 ATMs island-wide, CUB serves its customer efficiently with 3 major product lines: Corporate Banking, Consumer Banking, Wealth Management. Furthermore, by carrying out the Holdings “Dual Engine-Banking & Insurance” development strategy, the Bank attains its goal is to offer "One Stop Shopping" services, such as insurance, mutual funds, security, trust, loan, deposit and credit card etc, to meet customers' various financial needs.
The Vietnam Bank for Industry and Trade (VietinBank), established in 1988, is one of the five largest State-owned commercial Banks in Vietnam. At the end of 2005, its total assets reached VND 118,400 billion; total loans amounted to nearly VND 77,000 billion, accounting for over 21% of credit market of the whole banking system. VietinBank with Headquarters in Hanoi provide a wide range of Banking services for all types of customers through its large network of 2 main transaction Offices in Hanoi and HochiMinh city, 134 branches, 150 transaction offices, 425 saving counters and 775 correspondent Banks in more than 50 countries.
|
