<article><a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/tag/international-finance-corporation/">International Finance Corporation</a> (IFC), the private lending arm of the World Bank Group, is likely to invest up to $200 million in Vietnam International Commercial Joint Stock Bank (VIB) in the form of senior loans.
The loans will consist of an anchor-level A Loan and a B Loan and/or Parallel Loan to the Hanoi-headquartered bank, IFC said in an investment proposal.</article>

<a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/tag/international-finance-corporation/">International Finance Corporation</a> (IFC), the private lending arm of the World Bank Group, is likely to invest up to $200 million in Vietnam International Commercial Joint Stock Bank (VIB) in the form of senior loans.
The loans will consist of an anchor-level A Loan and a B Loan and/or Parallel Loan to the Hanoi-headquartered bank, IFC said in an investment proposal.
The financing was said to be a long-term funding that will help VIB in growing its small and medium enterprises (SMEs), micro businesses and affordable housing loan portfolio.
“The successful implementation of the project will promote lending in the economy and underpin the overall growth in the economy, as higher loan volumes will benefit customers, suppliers and new entrants,” IFC said.
In addition to the five-year funding, IFC commits to helping VIB access funding from other lenders, which is expected to facilitate further cross border commercial financing of the private sector investment in Vietnam.
VIB was established in 1996 and has <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/tag/commonwealth-bank-of-australia/">Commonwealth Bank of Australia</a> (CBA) as its strategic shareholder with a 20 per cent stake.
In July 2017, VIB announced to acquire CBA’s Ho Chi Minh City branch. The transaction was picked as one of the notable M&amp;A deals of the year by the Vietnam M&amp;A Forum. Meanwhile, rumour had it that VIB was interested in the sale of ANZ&#8217;s retail business in Vietnam, which was <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/stories/70836-70836/">sold to South Korea&#8217;s Shinhan Bank</a>.
The bank recorded a total asset of VND115.4 trillion by the end of June 2017, which increased around 10 per cent compared to the beginning of the year.
VIB shares are traded on the Unlisted Public Company Market (UPCoM). The stock price reached VND21,500 apiece last Friday, having gained 22 per cent since debut in January 2017.
Also read:
<a href="https://www.dealstreetasia.com/stories/vib-commonwealth-bank-ho-chi-minh-branch-76521/">VIB to acquire Commonwealth Bank’s Ho Chi Minh City branch</a>
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/vietnam-vib-interested-in-bid-for-anzs-retail-unit-sale-70302/">VIB interested in buying ANZ’s retail operations in Vietnam</a>

International Finance Corporation will likely invest up to $200 million in Vietnam International Bank (VIB) in the form of senior loans.

IFC likely to extend $200m debt to Vietnam International Bank

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IFC likely to extend $200m debt to Vietnam International Bank

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