PROJECT

Projects

Summary of Investment Information

Project Number

46453

Company Name

VIETNAM PROSPERITY JOINT STOCK COMMERCIAL BANK

Date SPI Disclosed

Apr 24, 2022

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Jun 29, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 25, 2022

Department

CF4S4 - Regional Industry - FIG Asia & Pac/FIG Inv Ops East Asia & Pacific

Industry

Financial Markets

Previous Events

Approved : Jun 29, 2022
Signed : Jun 30, 2022
Invested : Nov 23, 2022

Sector

Commercial Banking - General

Project Description

The proposed project (the “Project”) consists of a 5-year senior loan package of up to US$225 million comprising of: (i) an A Loan of up to US$150 million from IFC’s own account, and (ii) mobilization of up to up to US$75 million, to Vietnam Prosperity Joint Stock Commercial Bank (VPBank, or the “Bank”) to support the growth of the Bank’s SME portfolio, with relevant focus on women-led/owned SMEs (WSME) financing and eligible climate-related projects with focus on projects financed by SMEs.                                                  

Associated Advisory Engagement

N/A                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation