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 Bangladeshi private sector bank with US$ 2,391mln total assets, a strong brand name and a specific 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?
This CD funding is to support a BBL employee to participate in the Global Alliance for Banking on Values (GABV) Leadership Academy 2015-2016, where the participants, in four modules will develop and advance their leadership capacity in the context of values-based banking; learn about and explore a wide variety of values-based banking models and financial innovations across the GABV; further develop their personal and cultural skills;practice innovation techniques and initiate individual change projects and become part of a network of leaders across the GABV.
Why do we fund this investment?
FMO is part of the GABV, supporting banking on values all around the world through partnerships. By supporting a client bank, who is also part of the GABV, knowledge and networks are strengthened within the client bank, but also between GABV banks, which fits the FMO strategy of supporting knowledge and network sharing.
More investments
| Date | Total FMO financing |
|---|---|
| 5/3/2018 | EUR 0.01 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
- 6/3/2015
- End date
- 3/1/2018
- Total FMO financing
- EUR 0.02 MLN
- Funding
- FMO NV
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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