DFC grants an up to 200 million USD loan to Vietnam's SeABank

According to DFC's annoucement in this quarter, it has approved several transactions of development priorities, focusing on food security, climate change, gender equity, and increasing financial access. These 34 approved projects total more than $1.4 billion, in which 22 transactions assist Corporations in developing regions including Africa, Asia, Eastern Europe, and Latin America and the Caribbean. According to DFC's annoucement in this quarter, it has approved several transactions of...

According to DFC's annoucement in this quarter, it has approved several transactions of development priorities, focusing on food security, climate change, gender equity, and increasing financial access. These 34 approved projects total more than $1.4 billion, in which 22 transactions assist Corporations in developing regions including Africa, Asia, Eastern Europe, and Latin America and the Caribbean.

Among the approved corporations in this quarter, SeABank is the first and only financial organization in Vietnam receives an up to $200 million loan to encourage socioeconomic development, particularly supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis – one of the developmental strategies that SeABank prioritizes.

DFC's loan for SeABank will help enhance the bank's financial capability to carry out its planned projects, focusing on addressing the credit gap for women-owned and women-led corporations, SMEs, dealing with the difference between the addressable demand of market and the exisiting supply in the economy.

Before receving the loan from DFC, SeABank has been granted a $150 million loan package by IFC and 5 international investment funds include Banque Internationale de Commerce-BRED, BlueOrchard Microfinance Fund, KASIKORNBANK PCL, OPEC, and ResponsAbility Investments AG to provide financial assistance to SMEs, women-owned, women-led corporations and addressing climate crisis. This showcases SeABank's commitment to sustainable development strategies, affirming its credibility, great impacts of sustainable projects as well as the acknowledgement of world-class financial organizations for SeABank.

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