PROJECT

Projects

Summary of Investment Information

Project Number

47340

Company Name

ORIENT COMMERCIAL JOINT STOCK BANK

Date SPI Disclosed

Nov 18, 2022

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Dec 20, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 28, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Feb 17, 2023
Signed : Mar 20, 2023
Invested : May 26, 2023

Sector

Commercial Banking - General

Project Description

The proposed investment (the “Project”) consists of a 5-year senior - loan from IFC’s own account of up to US$100 million to Oriental Commercial Joint Stock Bank (“OCB”, or the “Bank”). Proceeds from the proposed investment will be used to support the growth of OCB’s SME loan portfolio. 

Associated Advisory Engagement

This investment is not associated with any advisory services.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation