Categorized in: environment, business
Subject: FNC, WOM, SBS, ENI, DEI
HANOI, Vietnam, June 22, 2022 /PRNewswire/ — The US International Development Finance Corporation (DFC) has announced the approval of 34 transactions worth up to USD 1.4 billion that advance development impact in developing countries. Among these projects, the Southeast Asia Commercial Joint Stock Bank (SeaBank, stock code: SSB) is the only Vietnam-based bank to receive up to $200 million to encourage socioeconomic development in the country through women-owned women’s support. loan has been approved. -led corporations, SMEs, and addressing the climate crisis.
The US International Development Finance Corporation (DFC) is an independent US government development finance institution. DFC partners with the private sector to provide financing support and solutions for projects with large economic potential and new affordable tools that enable it to provide lending and credit solutions. DFC invests in sectors including energy, health care, critical infrastructure and technology; while providing financing for small businesses and women entrepreneurs to create jobs in emerging markets; Adhere to high standards and respect the environment, human rights and worker rights.
As announced by DFC this quarter, it has approved a number of development priorities, focusing on food security, climate change, gender equality and increasing financial access. These 34 approved projects total more than $1.4 billion, with 22 transactions helping corporations in developing regions including Africa, Asia, Eastern Europe and Latin America and the Caribbean.
Of the corporations approved this quarter, SeaBank is the first and only financial organization in Vietnam to receive loans of up to $200 million to stimulate socioeconomic development, especially women-owned, women-led corporations, SMEs supports, and addresses the climate crisis? One of the developmental strategies that SeaBank prioritizes.
DFC’s loan to SeaBank, women-owned and women-led corporations, to address the credit gap for SMEs, with a focus on bridging the gap between market’s addressable demand and existing supply, is expected to accelerate its planned projects. This will help in enhancing the financial capacity of the Bank to meet the in the economy.
Prior to getting loan from DFC, SeaBank has been given a loan package of $150 million by IFC and Bank Internationale de Commerce-Bred, BlueOrchard Microfinance Fund, Kasicornbank PCL, OPEC, 5 international investment funds to provide financial assistance to SMEs. and Responsibility Investments Ag. , women-owned, women-led corporations and addressing the climate crisis. This demonstrates SeaBank’s commitment to sustainable development strategies, reaffirming its credibility, with the great impact of sustainable projects, as well as SeaBank’s acceptance of world-class financial organizations.
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News published on June 21, 2022 at 21:02 and distributed by: