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 is a well-performing, private sector bank with a strong focus on the unbanked SME segment. The bank has a value based approach and uses the triple bottom line of people, planet and profit.
What is our funding objective?
The funds provided will be used to further grow the SME portfolio. The funds will flow through the offshore business unit which allows them to serve the upper medium, USD$ -earning companies.
Why do we fund this investment?
Through this transaction the SME sector will be supported, which is an important sector in Bangladesh. The medium-term financing is in accordance to the client needs, as longer term financing remains scarce in Bangladesh. With this syndicate loans, further funds have been catalyzed and new investors introduced to the client and market.
More investments
| Date | Total FMO financing |
|---|---|
| 3/1/2018 | EUR 0.02 MLN |
| 5/3/2018 | EUR 0.01 MLN |
| 1/29/2018 | USD 15.00 MLN |
- Website customer/investment
- http://www.bracbank.com
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 12/17/2014
- End date
- 1/28/2019
- Total FMO financing
- USD 13.80 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