03/04/2015 15:13 GMT+7 Email Print Like 0

Sacombank receives American Wells Fargo award

Hanoi, April 3 (VNA)- The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has been named a good growth bank in commercial sponsorship activities by the American bank Wells Fargo.

The award is based on criteria in commercial sponsorship transactions including Letter of Credit (L/C) and Usance Payable at Sight Letter of Credit (UPAS L/C) through Wells Fargo.

In a bid to provide high-quality financial products in Vietnam, Sacombank has carried out safe and convenient packages, bringing additional value to its customers.

In 2014, the bank’s international settlements reached over 6.8 billion USD, of which revenue from commercial sponsorship activities generated 2.3 billion USD.

Wells Fargo, founded in 1852, is the fourth leading bank in the US. It currently provides financial services to 70 million customers including individual customers and corporations.
VNA/VNP