The investment is in the form of a 3-year senior loan of up to US$100 million to invest the Bank’s lending program to SMEs and women-owned SMEs. consisting of:
(i) up to US$57.16 million IFC A Loan from its own account,
(ii) up to US$42.84 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program, to Orient Commercial Joint Stock Bank ("OCB" or "the Bank").
The development impact of the proposed project is delivered through (i) the increase of access to finance for local SMEs, including women-owned SMEs, (ii) promote competitiveness through market-wide adoption of client-centric business model based on sound risk management, including commitment to international standards in risk management and compliance to Basel 2 principles.
IFC A Loan: US$57.16 million
IFC acting as implementing entity for the Managed Co-Lending Portfolio Program o the OCB Bank: US$42.84 million
OCB was established in 1996 with its headquarter in Ho Chi Minh City. The Bank provides a wide range of commercial banking products and services to both retail and commercial clients through its network of 121 branches and sub-branches across 24 key cities and provinces in Vietnam. The current main common shareholders are: Chairman Trinh Van Tuan and his related parties (18.62%), and Ben Thanh Group (5.50%). OCB’s shareholder structure currently consists of 2,569 domestic investors holding 95.02% and 1 foreign investor holding 4.98%.
1/The Project Contact
Orient Commercial Joint Stock Bank
Name: Quang Thi To Loan
Title: Head of Financial Institutions
Address: Floor 15th, Vincom Center, 72 Le Thanh Ton, Ben Nghe Ward, District 1, HCMC, Vietnam
2/ The IFC Contact
General IFC Inquiries
Address: 2121 Pennsylvania Avenue, NW
Washington DC 20433
ACCOUNTABILITY MECHANISM OF IFC
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