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

>   SBV asks commercial banks to carry out credit growth quota as assigned (20/07/2012)

>   HSBC sounds the retreat from Vietnamese finance group (20/07/2012)

>   State budget reached $28 billion in 2010 (20/07/2012)

>   Banks resist order to lower rates (20/07/2012)

>   It’s the time of Vietnam dong (19/07/2012)

>   Banks offer loans at below 15% interest (19/07/2012)

>   BIDV seeks bond issue consultants (19/07/2012)

>   Yet another bank says no to Vietnam coins (18/07/2012)

>   ATM fees to be investigated (18/07/2012)

>   Funds seen ample at commercial banks (17/07/2012)