With IFC’s support, OCB expects to double its SME lending portfolio by 2024 by leveraging its digital banking platform and developing products that cater to the sector’s needs.
The aim of the additional financing is to help local businesses with disrupted cash flows sustain operations and maintain jobs.
The IFC-led financing package, combined with advisory services, will boost lending to small and medium enterprises (SMEs), especially women-owned or led ones, and will promote supply chain finance in Vietnam.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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