HF Transfers Its Loan Guarantee Know-How to Myanmar
- Date 2017-03-24
- Views 619
HF Transfers Its Loan Guarantee Know-How to Myanmar
- HF signs MOU with Myanmar's state-run housing finance agency
□ Housing Finance Corporation (HF, CEO Kim Jae-Chun) is passing on its housing finance expertise, particularly in loan guarantees for private developers and state-backed loans, to Myanmar's state-run Construction & Housing Development Bank (CHDB).
□ HF stated on the 24th that it has signed a memorandum of understanding (MOU) with CHDB to transfer its know-how in the areas of state-backed fund development and loan guarantee to the Myanmar agency and improve the cooperation and exchange between the two agencies <See the image below>.
□ An HF official said, "This MOU will help our two nations expand cooperation. We will continue to build a cooperative relationship with other Asian countries, such as Kazakhstan, and share our housing finance know-how with them.？
□ HF has already signed a series of MOUs with its counterparts in other Asian countries, including the Philippines' National Home Mortgage Finance Corporation, Thailand's Secondary Mortgage Corporation, and Indonesia's Sarana Multigriya Finansial.
[Image Description]
HF CEO Kim Jae-Chun (left) and CHDB Managing Director Win Zaw signed an MOU for the transfer of housing finance know-how at the CHDB Head Office in Yangon, Myanmar, on the 24th.
