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Founded in 1998 by industry veteran John O. Semon, The Lessors Network showcases the largest equipment finance community on the Web, providing business leaders around the world free access to breaking news, events, funding sources, technology solutions and outsourcing resources exclusive to a $1 trillion U.S. equipment finance market.

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BIDV – SuMi Trust Financial Leasing Company receives operational license

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(CPV) – The State Bank of Vietnam (SBV) has granted establishment license to the Bank for Investment and Development of Vietnam (BIDV) – SuMi Trust Financial Leasing Company (BSL) on the basis of converting BIDV one-member limited liability Financial Leasing Company.

BSL has a charter capital of VND895.6 billion (about USD39.45 million) and operates in all fields of a financial leasing company as regulated by the law. Under the new model, Sumitomo Mitsui Trust Bank (SMTB) will own 49 percent of the charter capital.

​SMTB is the largest trust bank in Japan, with total assets of JPY59,479 billion (equivalent to USD585.4 billion) and total shareholders’ equity of JPY2,022 billion (equivalent to USD19.9 billion) as of September 30th 2016. BIDV entered into a strategic partnership with SMTB in 2013. Accordingly, BIDV and SMTB have partnered to research and develop business projects, as well as cooperating in training and technology transfer.

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