Southeast Asia Commercial Joint Stock Bank
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Established in 1994, Southeast Asia Commercial Joint Stock Bank (“SeABank”) is a listed, medium-sized commercial bank in Vietnam offering a full range of products and services to individuals, small and medium-sized enterprises (“SMEs”) and corporates. The bank caters to over three million customers across the country through a combination of branches, touch points and alternative channels.
What is our funding objective?
Proparco and FMO jointly provide a total of USD 80 million in senior, unsecured debt for the purpose of onward lending to Women SMEs (50%), general SMEs (40%) and qualifying green projects (10%).
Why do we fund this investment?
With the support of Proparco and FMO, SeABank will continue to support its SME and women-owned business clients driving economic growth and financial inclusion in line with its sustainable development strategy.
What is the Environmental and Social categorization rationale?
The environmental and social categorization is FI-A due to the bank’s exposure to high-risk sectors. A tailored Environmental and Social Action Plan (“ESAP”) has been agreed upon, which will enhance SeABank’s capabilities in implementing international standards and best practices in environmental and social risk management.
- Website customer/investment
- https://www.seabank.com.vn/
- Region
- Asia
- Country
- Viet Nam
- Sector
- Financial Institutions
- Publication date
- 4/16/2025
- Effective date
- 3/21/2025
- Total FMO financing
- USD 40.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A
- Loan participation
- https://www.proparco.fr/en/actualites/vietnam-proparco-and-fmo-provide-usd-80-million-financing-seabank-sustainable-sme?origin=/en/actualites?actuCtnId=5%3D91items_per_page%3D20&items_per_page=10