📋 Tender Overview
Website customer/investment
https://www.seabank.com.vn/
Region
Asia
Country
Viet Nam
Sector
Financial Institutions
Publication date
4/16/2025
Effective date
3/21/2025
Total FMO financing
USD 40.00 MLN
Funding
FMO NV
Environmental & Social Category
(A, B+, B or C)
A
Who is our customer
Established in 1994, Southeast Asia Commercial Joint Stock Bank ( SeABank ) is a listed, medium-sized commercial bank in Vietnam offering a full range of products and services to individuals, small and medium-sized enterprises ( SMEs ) and corporates. The bank caters to over three million customers across the country through a combination of branches, touch points and alternative channels.
What is our funding objective
Proparco and FMO jointly provide a total of USD 80 million in senior, unsecured debt for the purpose of onward lending to Women SMEs (50%), general SMEs (40%) and qualifying green projects (10%).
Why do we fund this investment
With the support of Proparco and FMO, SeABank will continue to support its SME and women-owned business clients driving economic growth and financial inclusion in line with its sustainable development strategy.
What is the Environmental and Social categorization rationale
The environmental and social categorization is FI-A due to the bank’s exposure to high-risk sectors. A tailored Environmental and Social Action Plan ( ESAP ) has been agreed upon, which will enhance SeABank’s capabilities in implementing international standards and best practices in environmental and social risk management.
