Two international financial institutions invest 80 million USD in SeABank

The signing of the cooperation agreement between SeABank and Proparco, FMO marks the beginning of a cooperative relationship, aiming to promote economic growth and financial inclusion by supporting Vietnamese enterprises to access capital, thereby improving capacity, focusing on promoting key business areas.

Accordingly, Proparco and FMO have decided to provide a loan of USD 80 million to SeABank, of which each party will provide USD 40 million. With this loan, SeABank will have more resources to support SMEs and women-owned enterprises to access finance and expand production and business. In addition, SeABank will also focus on promoting the application of international standards and best practices in environmental and social risk management and climate change response.

The signing ceremony was attended by the leaders of the parties, His Excellency French Ambassador Olivier Brochet and His Excellency Dutch Ambassador Kees van Baar.

Speaking at the ceremony, Mr. Le Van Tan - Chairman of the Board of Directors of SeABank said: “Taking customers as the center, SeABank has gradually become a financial consultant accompanying customers, ensuring equal opportunities for all individuals and businesses to access appropriate financial resources. With the companionship of Proparco and FMO, SeABank not only has more resources to provide effective financial solutions to customers but also demonstrates its efforts in supporting SMEs, women-owned businesses, and green activities to contribute to combating climate change. This is also one of the priorities in SeABank's sustainable development strategy”.

Mr. Olivier Brochet - French Ambassador to Vietnam said: “ I am here today to witness the signing ceremony and express my support for Proparco's meaningful activities in the Vietnamese market. In the context of France and Vietnam upgrading their relationship to Comprehensive Strategic Partnership, we are committed to strongly supporting Vietnam's development. The cooperation between Proparco, FMO and SeABank this time is completely in line with the strategic direction, meeting the common commitments at the G7 Summit in 2024 and aiming to address challenges in the new era through protecting the ecosystem and supporting SMEs, especially those owned by women”.

On the part of the Dutch Government, Mr. Kees van Baar - Ambassador of the Netherlands to Vietnam shared: “Along with France, the Netherlands is the largest investor and largest trading partner of Vietnam in Europe, aiming to promote the development of Vietnam, especially SMEs and female-owned enterprises. At the same time, the Netherlands also finds common strengths with Vietnam in abundant water resources to promote effective cooperation”. Mr. Kees van Baar emphasized the reason for choosing SeABank as a partner to implement development support activities in Vietnam: “ SeABank has a very clear strategic orientation on providing products and solutions to support the development of private enterprises, SMEs and female-owned enterprises; at the same time, it has a reputation and extensive network to be able to implement effectively. I believe that FMO and Dutch enterprises, together with SeABank and companies in the ecosystem, will continue to have many opportunities for cooperation in the near future”.

The $80 million loan from Proparco and FMO has raised SeABank's total capital mobilized from international organizations to nearly $1.1 billion, including loans, credits, and trade finance from many prestigious international financial organizations such as DFC, IFC, AIIB, Norfund, and OPEC Fund... This shows that international organizations increasingly trust SeABank's reputation, operational efficiency, especially the efficiency of capital use to support SMEs and women's businesses.

Source: https://thoibaonganhang.vn/hai-to-chuc-tai-chinh-quoc-te-dau-tu-80-trieu-usd-cho-seabank-161829.html