Nam A Commercial Joint stock Bank
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Established in 1992, Nam A Commercial Joint Stock Bank (“Nam A Bank”) is a listed commercial bank in Vietnam offering a full range of products and services to individuals, small and medium-sized enterprises (“SMEs”) and corporates. The bank has grown into a top-15 bank in Vietnam by total assets in 2026 with a balance sheet of over USD 17bln.
What is our funding objective?
FMO provides a senior unsecured term facility amounting to USD 60 million with a tenor of 5 years. The use of proceeds that has been agreed with Nam A Bank is towards green projects for at least USD 25 million and underserved SMEs for the remainder of the facility amount.
Why do we fund this investment?
42% of FMO’s investment is labelled as Green, as it supports activities that contribute to SDG 13, in line with FMO’s methodology to determine the green finance attribution. 58% of FMO’s investment is labelled as Reducing Inequalities, as it supports activities that contribute to Inclusive Growth, contributing to SDG 10
What is the Environmental and Social categorization rationale?
NAM A Bank has been categorized as Category FI-A client, in accordance with FMO’s Sustainability Policy, due to its lending activities being significantly exposed (above 20% of the total portfolio) to sectors and a scale usually associated with a high level of environmental and social risks, such as construction, agriculture, electricity and mining. The Bank has a functioning E&S management system (ESMS), with fully dedicated E&S specialists responsible for integrating E&S analysis into the credit decision-making process. An E&S action plan (ESAP) has been agreed to further enhance the FI’s E&S policy and procedures, which already include application of EDFI Exclusion List, Vietnamese E&S laws and regulations, and the IFC Performance Standards (PS) Framework for the identified Triggered Transactions.
- Website customer/investment
- https://www.namabank.com.vn/
- Region
- Asia
- Country
- Viet Nam
- Sector
- Financial Institutions
- Publication date
- 10/9/2026
- Effective date
- 9/25/2026
- Total FMO financing
- USD 60.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A