Original disclosure @ ADB website
Updated in EWS Apr 4, 2021
Disclosed by Bank Sep 21, 2018
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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.
An Binh Commercial Joint Stock Bank (ABB)
No contact information provided at the time of disclosure.
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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