Expanding Micro, Small, and Medium Enterprise Lending Project (ADB-51218-001)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 11, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
An Binh Commercial Joint Stock Bank (ABB)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 30, 2019

Disclosed by Bank Sep 21, 2018


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Project Description

According to bank documents, the loan will support the growth of ABB’s micro, small, and medium enterprises (MSMEs) financing portfolio, providing needed financial products and services to this underserved segment. ABB’s strategic focus has prioritized the development of its MSME financing business line, with a particular focus on women-led MSMEs. In addition, the proposed loan will contribute to enterprise development and broader economic growth in Viet Nam through job creation. The longer-termed funding provided under the proposed loan will also assist ABB in balancing its asset-liability maturity profile better, in line with new State Bank of Viet Nam (SBV) regulations.

Investment Description
  • Asian Development Bank (ADB)
Private Actors
Contact Information

An Binh Commercial Joint Stock Bank (ABB)
No contact information provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main