Nam A Bank successfully raises 30 million in international funding from Proparco
Nam A Bank has signed a 30 million credit agreement with Proparco the development finance institution of the French Development Agency
On September 11, Nam A Bank announced the successful acquisition of $30 million in international funding from Proparco, a key development finance institution from France. The loan, with a five-year term, is intended to bolster the bank's green credit portfolio and support sustainable development initiatives in Vietnam. The funds will be directed towards renewable energy, energy efficiency, climate change response and adaptation, and green buildings.
Nam A Bank's deputy CEO, Vo Hoang Hai, emphasized the significance of this $30 million loan in reinforcing the bank's commitment to digitalization and green transformation. Proparco's senior investment officer, Rebecca Benhamou, highlighted the bank's potential to positively impact Vietnam's emission reduction goals, particularly benefiting SMEs, women-owned businesses, and sustainable agricultural ventures.
The signing ceremony took place in Ho Chi Minh City, coinciding with a series of events organized by AFD and Proparco in partnership with SLR Consulting, aimed at enhancing the capacity of Vietnamese financial institutions in environmental and social (E&S) risk management and climate risk mitigation, in line with international standards.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
