PROJECT

Projects

Summary of Investment Information

Project Number

40089

Company Name

VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK

Date SPI Disclosed

Sep 8, 2017

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Oct 15, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 28, 2023

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Oct 19, 2017
Signed : Oct 20, 2017
Invested : Nov 21, 2017

Sector

Commercial Banking - General

Project Description

International Finance Corporation (IFC) is considering an investment in the form of senior loan of up to US$200 million, consisting of an anchor-level A Loan and a B Loan and/or Parallel Loan to Vietnam International Commercial Joint Stock Bank (VIB or the Bank). Through the investment, IFC will support VIB’s growth of its small and medium enterprises (SMEs), micro SMEs and affordable housing loan portfolio, which in turn increase financial inclusion, create jobs and reduce poverty in Vietnam.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation