TPBank secures 50 million from DEG for green and SME lending
TPBank has signed a 50 million financial cooperation agreement with DEG the development finance institution of KfW Group providing additional medium and long term USD funding and expanding green credit lines
TPBank has secured a $50 million loan from DEG to support green and SME lending initiatives. This five-year agreement aims to enhance TPBank's Environmental and Social Risk Management System, aligning it with global standards. Of the $50 million loan, $30 million ($60%) will be allocated to green projects and emission reduction, contributing directly to Vietnam's climate change response goals.
The remaining $20 million ($40%) will continue to support small and medium-sized enterprises (SMEs), with a particular focus on women-owned or women-led businesses. DEG also partnered with TPBank on a technical assistance project to upgrade the bank's Environmental and Social Risk Management System. This partnership marks DEG's second investment in TPBank, expanding the focus from supporting women-owned businesses to green finance.
The agreement reflects both parties' commitment to sustainable growth and Vietnam's green transition.
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.
