PRIME BANK LIMITED
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
Prime Bank Limited (PBL) is a commercial bank in Bangladesh with a strong focus on corporate banking via both conventional and Islamic modes. With the Bangladeshi economy built on SMEs and providing large potential for SME banking, PBL is now also increasingly focused on this banking sector.
What is our funding objective?
FMO will provide long-term funding to support the growth of the bank's SME portfolio. The finance will also be used to promote general long-term lending, with a minimum of 50% to be applied towards onlending to SMEs.
Why do we fund this investment?
Long-term USD funding remains scarce in Bangladesh. FMO's loan therefore fills a funding gap. The loan also aims to promote economic development by earmarking (at least) 50% of FMO funding for SME lending.
More investments
| Date | Total FMO financing |
|---|---|
| 12/14/2023 | USD 25.00 MLN |
| 7/10/2018 | EUR 0.01 MLN |
- Website customer/investment
- http://www.primebank.com.bd
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 7/3/2014
- End date
- 2/4/2020
- Total FMO financing
- USD 25.00 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+