EASTERN BANK LIMITED
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
EBL (founded in 1992) has established itself as a leading private commercial bank in the country, with corporate banking, consumer and SME Banking services. The customers are served through a network of 85 Branches, countrywide. EBL has its presence in the major cities/towns in the country, including Dhaka and Chittagong region. EBL has won the Best Bank in Bangladesh award in the Euromoney Awards for Excellence in 2016.
What is our funding objective?
FMOs long term finance is dedicated to support local SMEs and Green financing.
Why do we fund this investment?
There is a shortage of long-term financing in Bangladesh and this long-term loan will allow EBL to expand the SME financing business, to support export-oriented companies with funds, contributing to job creation in Bangladesh.
What is the Environmental and Social categorization rationale?
FI-A. The client is classified as FI-A due to exposure of 20% in potentially high-risk sectors (RMG and textile). EBL has a functioning ESMS in place and is working on an upgrade of its ESMS with long term support from FMO and DEG.
More investments
| Date | Total FMO financing |
|---|---|
| 12/8/2022 | USD 20.00 MLN |
| 11/3/2020 | USD 20.00 MLN |
- Website customer/investment
- http://www.ebl.com.bd
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 6/9/2020
- Total FMO financing
- USD 20.00 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) - A