IFC mulls $320m financing for three Vietnamese commercial banks

IFC mulls $320m financing for three Vietnamese commercial banks

The International Finance Corporation (IFC), a member of the World Bank Group, is mulling a total investment of $320 million in three Vietnamese banks to support their small and medium enterprise (SME) loan portfolio.

The three banks are Saigon-Hanoi Commercial Joint Stock Bank (SHB), Vietnam International Commercial Joint Stock Bank (VIB), and Oriental Commercial Joint Stock Bank (OCB).

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