BRAC 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
BRAC Bank Ltd. (BBL) is a Bangladeshi private sector bank with a strong brand name and a specific focus on the unbanked small- and medium-sized enterprise (SME) segment. BBL has the country’s largest SME portfolio and an extensive network covering the country’s urban as well as suburban and rural areas. The bank has a value-based approach and uses the triple bottom line of people, planet and profit.
What is our funding objective?
FMO’s funding will go towards increasing stable funding for the client. It will be used to provide loans to the bank's SME clients.
Why do we fund this investment?
SMEs in Bangladesh, especially the smaller or rural ones, have only very limited access to finance. BBL focuses on providing finance to this underserved segment and is therefore well aligned with FMO's overall strategy of promoting inclusive development next to green development and economic growth.
More investments
| Date | Total FMO financing |
|---|---|
| 3/1/2018 | EUR 0.02 MLN |
| 5/3/2018 | EUR 0.01 MLN |
| 1/28/2019 | USD 13.80 MLN |
- Website customer/investment
- http://www.bracbank.com
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 11/21/2013
- End date
- 1/29/2018
- Total FMO financing
- USD 15.00 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