Viet Nam: VIE: LOAN TO SAIGON THUONG TIN BANK (SACOMBANK)

Nonsovereign Project | 42934-014 Status: Approved

Summary

The assistance is a loan of up to $25 million, funded in US dollars, to Saigon Thuong Tin Bank (Sacombank). Sacombank will use up to $20 million to facilitate SMEs access to finance and up to $5 million to onlend to Sacombank Leasing Company (SLC), Sacombank's leasing subsidiary, to fund term leases in response to demand from SMEs in Viet Nam.

Latest Project Documents

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Project Name VIE: LOAN TO SAIGON THUONG TIN BANK (SACOMBANK)
Project Number 42934-014
Borrower/Company
Country Viet Nam
Location Viet Nam
Approval Number 7289/2486
Type or Modality of Assistance
7289/2486 Loan US$ 25.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance - Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Monisha Hermans
Project Sponsor(s)
Description The assistance is a loan of up to $25 million, funded in US dollars, to Saigon Thuong Tin Bank (Sacombank). Sacombank will use up to $20 million to facilitate SMEs access to finance and up to $5 million to onlend to Sacombank Leasing Company (SLC), Sacombank's leasing subsidiary, to fund term leases in response to demand from SMEs in Viet Nam.
Objectives and Scope ADB's objectives for the proposed loan are to (i) create a demonstration effect within the banking industry on the complementary delivery of leasing and credit instruments, (ii) facilitate SMEs' access to the formal financial sector via leasing, and (iii) create efficiency and maximize service delivery on prudential basis to the expanding SME sector through the integrated SME credit reference system from the leasing company to the parent bank
Linkage to Country/Regional Strategy

Safeguard Categories

Environment FI
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation

Timetable for assistance design, processing and implementation

Concept Clearance 08 Sep 2008
Due Diligence 29 Aug 2008
Credit Committee Meeting 02 Oct 2008
Approval 10 Dec 2008
Last PDS Update 16 Sep 2014
Title Document Type Document Date
Saigon Thuong Tin Bank (Sacombank) Reports and Recommendations of the President Nov 2008

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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