DUTCH-BANGLA BANK LTD
Status: Completed 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
Dutch Bangla Bank Ltd. (DBBL) is a private commercial bank in Bangladesh focusing on high-growth manufacturing industries by providing a full range of services mainly to corporates and small- and medium-sized enterprises (SMEs). These services include trade finance, working capital, deposit taking and remittances.
What is our funding objective?
The facility is structured as an unsecured subordinated USD 50 million club loan. FMO and DEG will provide a loan of up to USD 25 million each to strengthen the bank's capital base.
Why do we fund this investment?
DBBL is one of the top four banks in Bangladesh with a main focus on corporates and SMEs and with a large outreach via its vast ATM network. The bank has played a pioneering role in Corporate Social Responsibility since 2001 and has become the largest bank donor in Bangladesh. FMO's investment in DBBL supports the strategy of creating greater access to finance, particularly for SMEs.
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 12/19/2013
- End date
- 4/14/2020
- 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+