HoChiMinh City, 29 Jan 2013: Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) and Vietnam Export Import Joint-Stock Commercial Bank (Eximbank) signed a cooperation agreement in order to enhance competitive capacity for both sides. This agreement is valid for five years and the two sides will support each other in finding the most effective business opportunities. Accordingly, Sacombank and Eximbank will cooperate in the following areas: co-financing loans, issuing terms in the inter-bank operations, currency trading, human resources, training, restructuring, technical assistance and strategic merger.
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has coorperated with Visa to debut Visa Infinite, the highest-grade credit card of Visa. It is the most sophisticated of the three premium credit cards of Visa, namely Platinum, Signature and Infinite. Unlike other cards, Visa Infinite has unlimited credit and the bank will grant cardholders a credit line of at least VND1 billion.