960424

Deutsche Bank

credit for Da Nang

cement plant

ISLAMABAD: Deutsche Bank has made an arrangement of a combined credit facility of DM 25 million for Hai Van Cement Company.

The credit will be given by branch and its investment banking arm, Deutsche Morgan Grenefell, according to a press release issued by Deutsche Bank here.

A loan agreement between Deutsche Bank and Vietcombank for DM 13.5 million with a total life-time of 8 1/2 years, will cover the import of state-of-the-art clinker grinding equipment from the German supplier Krupp Polysius.

This loan is the biggest made available to Vietnam so far under the cover of the German Export Credit Insurance Agency Hermes.