IFC announces $150m financing package for Vietnam's ABBANK

Da Nang, Vietnam

International Finance Corporation (IFC), the private lending arm of the World Bank Group, and Goldman Sachs 10,000 Women have announced a syndicated senior loan of $110 million to An Binh Commercial Joint Stock Bank (ABBANK) to boost lending to small and medium enterprises (SMEs). The loan is part of an up to $150-million financing package being arranged by IFC for the bank.

The Goldman Sachs 10,000 Women initiative is a campaign to foster greater shared economy by providing 10,000 underserved women around the world with a business and management education.

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