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Banking & Finance

List of banks providing property guarantees released

Released at: 08:17, 15/08/2015

List of banks providing property guarantees released

SBV names 33 banks able to provide provide bank guarantees for future built property projects.

by Hung Nguyen

The State Bank of Vietnam (SBV) has released a list of 33 commercial banks that are able to provide bank guarantees for future built property projects.

There are 25 local commercial banks, including well-known names such as Vietcombank, VietinBank, BIDV, Agribank, Techcombank, SeABank, PVComBank, LienVietPostBank, NCB, and HDBank.

They are joined by nine foreign banks: ANZ Vietnam, HSBC Vietnam, Hong Leong Vietnam, Shinhan Vietnam, Standard Chartered, Indovina Bank, VID Public Bank, Vietnam - Russia Bank, and Viet - Thai VinasiamBank.

Sacombank, Eximbank, VIB, and OCB are surprisingly not on the list.

The necessity to secure a guarantee from a financial institution for future built property projects comes under Circular No. 07/2015 from the SBV.

Order

Name of Commercial Bank Order

Name of Commercial Bank

1

Agribank

18

VPBank

2

Vietcombank

19

Techcombank

3

Vietinbank

20

Maritime Bank

4

BIDV

21

SeABank

5

ABBank

22

National Citizen Bank

6

LienVietPostBank

23

BacABank

7

ACB

24

Saigon-Hanoi Bank

8

PGBank

25

ANZ Vietnam

9

PVcomBank

26

Hong Leong Vietnam

10

SaiGon Bank

27

HSBC Vietnam

11

TPBank

28

Shinhan Vietnam

12

VietA Bank

29

Standard Chartered

13

VietBank

30

Indovina Bank Limited

14

BaoViet Bank

31

VID Public Bank

15

Viet Capital Bank

32

Vietnam - Russia Joint Venture Bank

16

MBBank

33

VIET - THAI  VinasiamBank

17

HDBank    

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