Sacombank Leasing (SBL) is a fast growing locally-owned leasing company in Vietnam. SBL is a wholly-owned subsidiary of Sacombank, a leading commercial SME bank in Vietnam. Norfund has provided a USD 5 million loan to support SBL’s expanding business.
Norfund’s investment will help to promote greater financial deepening in the country and to alleviate the severe needs for funding for SMEs. Leasing is an important financing tool for SMEs and a nascent industry in Vietnam.