Nam A Bank secures USD 20M green credit from Swiss SIFEM, total international funding near USD 350M

Overview

Nam A Bank (HOSE: NAB) has signed a green credit agreement with SIFEM AG, a Swiss development finance institution wholly owned by the Swiss Federal Government, and accessed additional funds from funds managed by responsAbility Investments AG. The transaction brings Nam A Bank’s total international funding raised since the start of the year to nearly USD 350 million, marking a significant step in its sustainable finance strategy.

Key Facts

• Signed a green credit agreement with SIFEM AG, a 100% Swiss government-owned development finance institution.
• Accessed additional capital from funds managed by responsAbility Investments AG.
• Total new funding from this deal: USD 20 million.
• Cumulative international funding raised in 2026: nearly USD 350 million.
• Signing took place at the Vietnam Green Finance Conference 2026, held on August 6 in Ho Chi Minh City.
• Funds will be allocated to green credit portfolio, SMEs, renewable energy, energy efficiency, and climate change projects.
• Nam A Bank is listed on HOSE under ticker NAB.

What Happened

Nam A Bank officially signed an international credit agreement with SIFEM AG and secured additional funding from responsAbility-managed funds, totaling USD 20 million. The ceremony occurred during the Vietnam Green Finance Conference 2026, themed “Where green capital connects investment opportunities,” held on August 6 in Ho Chi Minh City. The event was attended by representatives from regulatory bodies, financial institutions, investors, international organizations, and the Swiss Consulate General in Ho Chi Minh City.

According to the bank, the funds will be prioritized for its green credit portfolio, directly financing small and medium-sized enterprises (SMEs), renewable energy projects, energy efficiency initiatives, and climate change adaptation efforts, aligning with Vietnam’s Net Zero 2050 target. Mr. Võ Hoàng Hải, Deputy General Director of Nam A Bank, stated that the partnership with SIFEM and responsAbility reaffirms the bank’s transparent operations and ESG governance standards, which meet stringent international requirements.

Market Context

Nam A Bank’s shares closed at VND 12,000 on August 6, 2026, unchanged from the previous session, with low trading volume of 127,100 shares. The bank operates in the Vietnamese banking sector, which is increasingly focusing on sustainable finance amid regulatory push for green banking. This deal positions NAB to tap into growing international demand for green investments in Vietnam, potentially enhancing its reputation and access to cheaper, long-term capital.

Strategic Significance

This transaction underscores Nam A Bank’s commitment to international standards of transparency and ESG governance, which are critical for attracting foreign capital. By securing funding from Swiss institutions, NAB diversifies its funding sources beyond domestic deposits and interbank markets, reducing reliance on volatile short-term funding. The focus on green lending and SMEs aligns with Vietnam’s policy direction and could improve asset quality and profitability over the long term, as green projects often come with favorable risk profiles and government support.

What to Watch

• Quarterly earnings reports for 2026 to see the impact of green lending on net interest margin and asset quality.
• Further announcements of international funding agreements or partnerships with other development finance institutions.
• Progress on disbursement of the USD 20 million to green projects and SMEs.
• Regulatory updates on Vietnam’s green finance framework and ESG disclosure requirements.
• NAB’s stock price reaction to the news in the coming weeks, especially if trading volume picks up.