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07/02/2023
In the trading session of February 6, 2023 - New York Stock Exchange (NYSE), the world's largest stock exchange, congratulates on the cooperation between DFC and SeABank with a senior loan worth up to US$200 million. SeABank is the first Vietnam-based bank to receive such a senior loan that is granted by DFC and approved by the U.S. Congress.
On January 31, 2023, in Washington - leaders of the U.S. International Development Finance Corporation (DFC) and SeABank participated in a signing ceremony to commemorate the first disbursement of US$200 million. With the support of DFC, SeABank will provide loans with preferential policies and enhance access to finance for small and medium-sized enterprises (SMEs), with a portion dedicated to women-owned businesses, retail customers, including individual and households business. As a result, benefited businesses will have available source of capital to expand their business, thereby promoting economic development. At the same time, businesses will also be able to improve E&S systems, technologies and processes, thus reducing carbon emissions in production and business. In addition, SeABank also supports projects related to energy saving and green economy in Vietnam.
The investment from DFC will help SeABank improve its financial capacity to better implement the on-going and proposed projects, focusing on credit gap to solve the gap between the financial demand of the market and the available supply of the economy. In addition, SeABank is committed to international standards, while continuously improving its E&S policies and systems to address climate issues.
