IFC increases loan package for Vietnamese lender SeABank to $220m

The International Finance Corporation (IFC), part of the World Bank increased the loan package granted to Hanoi-based Southeast Asia Commercial Joint Stock Bank (SeABank) from $150 million to $220 million, according to an announcement by the lender on Tuesday.

IFC and international lenders decided to provide additional funding of $70 million, bringing the total credit and trade-financing package for SeABank to $220 million.

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