ASIAN DEVELOPMENT BANK
Status: Completed investmentWhy disclosure?
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In case of questions
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
Dhaka Bank is a medium sized bank in Bangladesh established in 1995, traditionally focused on corporate clients, it is now gradually providing more loans to SMEs and in the agricultural sector.
What is our funding objective?
Through ADB Trade Finance umbrella, FMO is able to provide a trade line to Dhaka Bank. The trade line is specifically for guaranteeing confirmation of import L/Cs, which meet the following conditions: maximum deal size of US$ 5 million with a maximum tenor of 360 days and minimum net margin of 1%.
Why do we fund this investment?
Foremost, trade finance is strategically important for Dhaka Bank. Furthermore, with this transaction FMO can get to know Dhaka Bank (new client for FMO) in a country where there is market potential and where financing is still limited. With this trade line, FMO cooperates with the ADB through the trade finance umbrella.
More investments
| Date | Total FMO financing |
|---|---|
| 5/7/2019 | USD 10.00 MLN |
| 5/31/2016 | USD 10.00 MLN |
- Website customer/investment
- http://www.adb.org/tradefinance/
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 1/29/2015
- End date
- 5/31/2016
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
-
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) - B