PROJECT

Projects

Summary of Investment Information

Project Number

48825

Company Name

ORIENT COMMERCIAL JOINT STOCK BANK

Date SPI Disclosed

Feb 28, 2024

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Mar 28, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 26, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 24, 2024
Signed : Jun 27, 2024
Invested : Dec 24, 2024

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment (the “Project”) consists of an up to 5-year senior loan from IFC’s own account of up to US$150 million to Orient Commercial Joint Stock Bank (“OCB” or the “Bank”). The proceeds from the Project will be used to expand the Bank’s lending to eligible climate and social sustainability projects and support the growth of OCB’s sustainability portfolio.

Associated Advisory Engagement

The Project is expected to include an advisory service component in green financing.    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation