AsemconnectVietnam - Nam A Bank has successfully mobilized USD20 million, equivalent to VND471.7 billion from BlueOrchard to expand its loan portfolio for small and medium enterprises and promote the Bank's business activities.

Mobilizing capital from the international market is a bright spot for businesses in general and Nam A Bank in particular to continue to promote business development.
In order to access this capital, credit institutions need to meet strict standards from international financial institutions such as ensuring stable financial capacity, good risk management, and a long-term and effective development strategy.
BlueOrchard – a leading global impact fund manager, founded in 2001 at the initiative of the United Nations as the world's first commercial manager for debt financing investments micros across the world. BlueOrchard primarily promotes inclusive growth and is eco-climate.
BlueOrchard has disbursed more than USD10 billion to more than 700 organizations across 105 emerging and frontier countries. It also impacts the lives of more than 260 million low-income individuals and contributes to 16 of the 17 SDGs.
After a period of survey and evaluation, Nam A Bank fully met the criteria and successfully mobilized USD20 million from this organization. This activity contributes to strengthening the Bank's financial resources, accompanies enterprises to expand production and business.
A representative of BlueOrchard shared: "We are very pleased to be able to accompany and support Nam A Bank in its growth and development plans. With stable financial potential, vision and development strategy sustainable and effective, BlueOrchard believes that Nam A Bank will effectively use this capital and accompany the development of businesses.”
Nam A Bank is one of the pioneer banks in digitalisation, risk management, network expansion and community activities. During the 31-year journey of establishment and development, Nam A Bank has made great strides with an effective and sustainable long-term development strategy. Therefore, Nam A Bank meets the criteria to access capital from the international market.
N.Nga
Source: VITIC/Tinnhanhchungkhoan