The mentioned syndicated facility agreement is an important milestone for both borrower and lenders as one of the first onshore syndicated term loans arranged by commercial banks for a financial leasing company. This has signaled a positive development in financial leasing market. The signing has also helped enhance medium and long-term credit financing for small and medium-sized enterprises (SMEs) in Vietnam through financial leasing.
At the ceremony, Mr. Nguyen Thieu Son, the CEO of BSL, affirmed that this cooperation agreement has marked a further movement in the relationship between BSL and E.SUN Bank as well as led to new business opportunities with Shanghai Commercial & Savings Bank and First Bank. In addition, the cooperation would bring in opportunities and benefits to stakeholders, especially for corporates with medium and long term credit needs.
Mr. Alex Soung, the General Manager of E.SUN Bank – Dong Nai Branch, has highly appreciated BSL's performance in recent years. As the lead arranger of the syndicated term loan facility, E.SUN Bank will cooperate with Shanghai Commercial & Savings Bank and First Bank to strengthen cooperation and promote relationships with BSL, thereby supporting credit needs of SMEs in Vietnam.
In 2021, according to Asia Money, E.SUN Bank is the best bank for SMEs in Taiwan. In the same year The Banker has also listed E.SUN Bank in the 500 most valuable banking brands in the world.
Ms. Jessica Lin, representative of Shanghai Commercial & Savings Bank, has shared that Shanghai Commercial & Savings Bank is pleased to cooperate with E.SUN Bank and First Bank in the syndicated term loan facility for BSL. Ms. Lin believes that this cooperation will bring new prospects for all parties, thereby bringing opportunities to provide medium and long-term credit for businesses in Vietnam.
Representatives of partner banks have highly appreciated BSL's governance capacity by good business performance over the last 5 years, when ensuring high growth associated with decent management of credit quality and safety criteria.
By this cooperation, all parties have set mutual goals and vision, of which sustainable development would be priority towards contribution to the prosperity and sustainability of Vietnam via providing financial assistance to enterprises.