BRAC BANK LIMITED
Status: Completed investmentWhy disclosure?
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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 Limited (BBL) is a well-performing private sector bank in Bangladesh, with US$2.39 million total assets, a strong brand name and a specific focus on the unbanked SME segment. The bank now has the country's largest SME portfolio and an extensive network of 157 branches (of which 48 SME branches) covering the country's urban, 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 is providing capacity development funds for the establishment of an environmental and social risk management system (ESMS) at BBL. This ESMS will target improvements in environmental and social aspects on a client level. This will make it possible to conduct a better environmental and social risk analysis.
Why do we fund this investment?
This capacity development project is intended to improve environmental and social standards in the Bangladeshi financial sector, helping the sector as a whole to become more sustainable.
More investments
| Date | Total FMO financing |
|---|---|
| 3/1/2018 | EUR 0.02 MLN |
| 1/28/2019 | USD 13.80 MLN |
| 1/29/2018 | USD 15.00 MLN |
- Website customer/investment
- http://www.bracbank.com
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 1/5/2015
- End date
- 5/3/2018
- Total FMO financing
- EUR 0.01 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