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TCB SME Loan

Sector: Commercial • Location: Viet Nam

Source: International Finance Corporation (IFC)

Project
Completed

This proposed project is to provide a Vietnamese Dong (VND) denominated loan of up to $20 million equivalent with tenor of up to 7 years to Technological and Commercial Joint Stock Bank (Techcombank). This loan would support Techcombank’s medium- and long-term lending capabilities to local small-and medium-sized enterprises (SMEs) as well as help to better match its asset-liability profile. The VN

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Project Information

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The project “TCB SME Loan” is an infrastructure initiative in the Commercial sector, located in Viet Nam. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

This proposed project is to provide a Vietnamese Dong (VND) denominated loan of up to $20 million equivalent with tenor of up to 7 years to Technological and Commercial Joint Stock Bank (Techcombank). This loan would support Techcombank’s medium- and long-term lending capabilities to local small-and medium-sized enterprises (SMEs) as well as help to better match its asset-liability profile. The VND loan will be fully funded by IFC through a USD-VND swap from an international bank operating in Vietnam. Techcombank is the third largest private (joint-stock) bank (JSB) in Vietnam with total assets of approximately $1.6 billion and equity of approximately $100 million as at the end of July 2007.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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