IFC likely to extend $100m debt to Vietnamese lender TPBank

Source: Internet Archive

The International Finance Corporation (IFC), the private lending arm of the World Bank Group, has proposed to extend a financing facility of up to $100 million to Vietnamese lender Tien Phong Commercial Joint Stock Bank (TPBank).

The senior loan aims to support the TPBank to expand lending to small and medium enterprises and retail clients via its digital channels, IFC said in a disclosure on April 24.

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