The total investment from IFC and 5 investment funds for SeABank, including trade finance, reached nearly 400 million USD.
IFC's GTFP program aims to provide payment guarantees to banks from developing countries to help them deal with risks related to trade settlement in emerging markets. SeABank officially joined IFC's GTFP program in 2021 with an initial limit of USD 20 million. After joining GTFP, SeABank continued to develop its global partner network, contributing to promoting trade growth for domestic businesses. Over the past two years, with capital from the program, SeABank has provided maximum and effective support to small and medium-sized enterprise customers, especially women-owned businesses, in an effort to narrow the financial gap. In 2024, IFC's trade finance limit for SeABank will double compared to the initial period, to USD 40 million. Previously, in 2023, SeABank was also granted a trade finance limit increase by the Asian Development Bank (ADB) to 60 million USD. The fact that IFC and ADB continuously increase the trade finance limit shows their trust and appreciation for SeABank's capacity, capital efficiency, and sustainable growth rate. At the same time, it helps affirm and enhance SeABank's strength in the field of international payments and trade finance, helping the bank access and establish transaction relationships with more banks in the world , increase large-scale trade finance activities, increase the brand value and position of SeABank at home and abroad. In addition to providing trade finance limits, over the years, IFC has also continuously provided investment capital to SeABank to support development strategies and improve access to finance and loans for small and medium-sized enterprises, including women-owned enterprises, while promoting the application of international standards and best practices in environmental and social risk management and climate change response. Currently, the total amount of investment by IFC and 5 international investment funds including: Banque Internationale de Commerce-BRED, BlueOrchard Microfinance Fund, Kasikornbank PCL, OPEC and ResponsAbility Investments AG for SeABank is up to nearly 400 million USD and is expected to continue to be increased in the coming time.People
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