Indovina Bank opens branch in Dong Nai

The innauguration ceremony of new branch of IVB at Dong Nai province

(ĐN) - Indovina Bank Ltd. (IVB) is Vietnam’s first joint venture bank and was established on 21 November 1990. IVB is a joint venture between Industrial and Commerical Bank of Vietnam (ICBV) and Taiwan’s Cathay United Bank (CUB). IVB with the Head Office in Ho Chi Minh City and branches in Hanoi, Hai Phong, CanTho and Binhduong 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. Until September, 2005, IVB has a total asset value of VND 3,828 billion. The bank’s capital increases to more than VND 3,000 billion while its total loan balance reach almost VND 3,000 billion.

Recently, IVB has opened a new branch locating in Number 1, Highway 51, Bien Hoa City, Dong Nai province. The Dong Nai branch of IVB is also deploying i-flex solutions core banking platform, Flexcube. The implementation supports the bank’s retail and corporate banking functions as well as its customer acquisition programme and customer services.

Kim Loan