Nam A Bank receives 60 million loan from FMO
Nam A Bank has completed a green and inclusive lending facility agreement to receive a 60 million loan from Dutch development bank FMO
On September 25, Nam A Bank secured a five-year, unsecured loan of 60 million from the Netherlands Enterprise Agency (FMO) to prioritize funding for green ventures and micro, small, and medium-sized enterprises (MSMEs). The loan supports agriculture, value chains, rural development, and businesses owned by women or young entrepreneurs, enabling access to capital for those with significant needs but limited financial means.
Vo Hoang Hai, deputy CEO of Nam A Bank, stated that the financing will address unmet financing needs while expanding the bank's social impact and green growth objectives. Frouke Hoekstra, director of Financial Institutions at FMO, emphasized the partnership's role in advancing the green transition and expanding access to finance for underserved businesses.
The agreement reflects Nam A Bank's strategy of diversifying international funding sources and aligns with Vietnam's sustainable development goals. The partnership between Nam A Bank and FMO signifies a milestone in the collaboration, aiming to channel capital, knowledge, networks, and international expertise into tangible, impactful outcomes for Vietnam's economy.
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.
