News about green finance

TPBank signed a US$50 million financing agreement with DEG, the development finance institution under Germany's KfW, to add long-term USD funding and diversify its international capital sources. The five-year loan will allocate 60% (about US$30 million) to green projects that cut emissions and support the energy transition, and 40% (about US$20 million) to small and medium enterprises, with a focus on women-owned or women-led businesses. DEG will also provide technical assistance to upgrade TPBank's environmental and social risk management system. The deal is DEG's second investment in TPBank, and it follows TPBank's earlier raising of US$220 million in long-term loans from DFC and JICA.

SHB has published its Sustainable Finance Framework (SFF) for the first time, built on international green and social finance principles and covering bonds, corporate loans, trade finance, consumer loans, and green, social or sustainable deposits. The framework spans three categories: green, blue and social finance, and S&P Global Ratings issued a Second Party Opinion on it in early October, which is not a credit rating of the bank. SHB targets raising green credit to at least 25% of total loan outstanding by 2028, and has taken part in three renewable energy projects with total investment of about 14,601 billion VND, of which SHB finances about 11,265 billion VND. The bank also raised two USD syndicated loans linked to ESG criteria, totaling nearly 600 million USD with 26 international financial institutions, and issued its first SGD international bond listed in Singapore, with an expected AA rating that applies to the CGIF-guaranteed bond rather than to SHB itself.