PROJECT

Projects

Summary of Investment Information

Project Number

47339

Company Name

SOUTHEAST ASIA COMMERCIAL JOINT STOCK BANK

Date SPI Disclosed

Nov 8, 2022

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Dec 19, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Mar 9, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jan 24, 2023
Signed : Jan 26, 2023
Invested : Mar 7, 2023

Sector

Commercial Banking - General

Project Description

The proposed investment is a senior loan of up to US$100 million for a tenor of up to 5 years to Southeast Asia Commercial Joint-Stock Bank (SeABank or the Bank), with the proceeds exclusively used for supporting the growth of the Bank’s housing portfolio, including affordable housing (the “Project”).                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation