Home Finance

IFC funds small business loans

Jul 21st at 12:29
21-07-2012 12:29:03+07:00

IFC funds small business loans

Orient Commercial Bank (OCB) has received a US$10 million loan package from the International Finace Coporation (IFC). The money will be used to extend the bank's capacity to lend to small- and medium-d enterprises (SMEs), under its so-called OCB SME Loan Programme.

The programme would allocate $25 million, including $15 million directly from IFC funding, for loans to promote exports by SMEs, with $5 million allocated to businesses owned by women

vietnamnews

MOST READ

NEWS SAME CATEGORY

SBV asks commercial banks to carry out credit growth quota as assigned
FINANCE Jul 20th at 13:03

SBV asks commercial banks to carry out credit growth quota as assigned

The State Bank of Vietnam (SBV) has recently issued a document requiring commercial banks to continue to carry out credit growth quota as assigned. If credit...

HSBC sounds the retreat from Vietnamese finance group
FINANCE Jul 20th at 13:01

HSBC sounds the retreat from Vietnamese finance group

The London based Hong Kong and Shanghai Banking Corporation (HSBC) reportedly plans to sell the shares it is holding of Vietnamese Bao Viet, a big insurance group...

State budget reached $28 billion in 2010
FINANCE Jul 20th at 12:46

State budget reached $28 billion in 2010

Total State budget revenue in 2010 reached VND588.4 trillion (US$28 billion) while total expenditure hit VND648.8 trillion ($30.89 billion) due to increased...

Banks resist order to lower rates
FINANCE Jul 20th at 12:43

Banks resist order to lower rates

Commercial banks are admitting that progress has been slow in complying with a recent Government order to refinance outstanding loans to enterprises at lower...

It’s the time of Vietnam dong
FINANCE Jul 19th at 12:38

It’s the time of Vietnam dong

Vietnam dong has big advantages over other investment channels at this moment. Keeping dong is the top choice for Vietnamese people because this allows to preserve...

Banks offer loans at below 15% interest
FINANCE Jul 19th at 12:29

Banks offer loans at below 15% interest

Commercial banks have been offering loans at interest rates lower than 15 per cent annually to help businesses address financial difficulties.

Yet another bank says no to Vietnam coins
FINANCE Jul 18th at 13:08

Yet another bank says no to Vietnam coins

 Nguyen Thi Tuyet Mai, residing in Ho Chi Minh City’s District 3, Tuesday brought a handful of Vietnamese coins to a bank branch, hoping to exchange them into...

ATM fees to be investigated
FINANCE Jul 18th at 12:51

ATM fees to be investigated

The State Bank of Viet Nam will check on ATM fees across Viet Nam after many commercial banks recently not only increased fees for cross-bank (extranet) services...

Funds seen ample at commercial banks
FINANCE Jul 17th at 13:24

Funds seen ample at commercial banks

Even though interest rates on the inter-bank market fell considerably for all short terms of less than one month last week, showing signs of weaker capital demands...

Banks fail to cut loan interest rates
FINANCE Jul 17th at 12:56

Banks fail to cut loan interest rates

Many banks in HCM City have yet to cut interest rates on existing loans to 15 per cent per year as called for by the State Bank of Viet Nam, Tuoi tre (Youth)...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top