PROJECT

Projects

Summary of Investment Information

Project Number

47341

Company Name

VIETNAM INTERNATIONAL 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-3 - No Impact

Status

Active

Last Updated Date

Jul 1, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 29, 2023
Signed : May 30, 2023
Invested : Jun 29, 2023

Sector

Commercial Banking - General

Project Description

 

The proposed investment (the “Project”, or the “Proposed Investment”) is a 5-year senior unsecured USD-denominated loan from IFC’s own account of up to US$100 million to Vietnam International Commercial Joint Stock Bank (“VIB” or the “Bank”) to support the growth of the Bank’s housing portfolio, including affordable housing. IFC’s proposed investment will consist of an A Loan of up to US$100 million.

                                                   

Associated Advisory Engagement

This investment is not associated with any advisory services.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation