PROJECT

Projects

Summary of Investment Information

Project Number

41259

Company Name

ORIENT COMMERCIAL JOINT STOCK BANK

Date SPI Disclosed

Sep 6, 2018

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Oct 8, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jan 17, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Dec 19, 2018
Signed : Mar 27, 2019
Invested : May 2, 2019

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The investment is in the form of a 3-year senior loan of up to US$100 million, consisting of (i) up to US$57.16 million IFC A Loan from its own account, (ii) up to US$42.84 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program, to Orient Commercial Joint Stock Bank ("OCB" or "the Bank"). The investment aims to support the Bank’s lending program to SMEs and women-owned SMEs.

Associated Advisory Engagement

IFC and OCB is in discussion on IFC’s advisory services with supply chain finance to scale up SME business and deepen the corporate relationship and a diagnostic to help the Bank identify critical initiatives it can undertake to enhance growth (revenue enhancement, cost reduction and efficiency improvement opportunities).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation