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SeABank partners with Proparco and FMO for US$80 million investment in economic growth and financial inclusion
Contract Type
partnership
VietnamDescription
Proparco and FMO, the French and Dutch government-owned financial institutions, have signed a loan agreement worth US$80 million with SeABank, strengthening SeABank's financial capacity to enhance financial access, improve capacities, expand key business areas for Vietnamese SMEs and women-owned enterprises, and implement international practices in E&S risk management and climate change mitigation. This marks the beginning of a partnership focused on economic growth and financial inclusion.