Vietnam Daily News

Merged bank to finance real estate projects: George Lee

Written by Dailynews.vn Wednesday, 14 December 2011 15:44

The three banks that have recently undergone the consolidation are about to finance for real estate projects, Phap Luat Tp. HCM (HCM City Law) newspaper quoted Dr George Lee, Chair of Macquarie Capital Investment Fund (Australia) as saying at the meeting on introducing unique real estate projects in HCM City held by HCM City Real Estate Association or HOREA on December 12.

Dr George Lee is also a chair of the advisory council for the consolidation of three banks Ficombank, Saigon Commercial Bank and TinNghiaBank.

Accordingly, investors and buyers of Times Square project, Royal Garden and Saigon Peninsula will be entitled to receive the funding from the merged bank.

Le Hoang Chau, chair of HOREA, assessed that the three projects in terms of scale, location and design are of international standards, with unique values and they will represent for the rise of HCM City.

Source: www.intellasia.net/news/articles/finance/111350700.shtml