MUTUAL TRUST 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
Mutual Trust Bank (MTB) is a mid-sized private commercial bank incorporated in 1999. It offers a variety of products, including corporate, SME’s, consumer financing and trade finance.
What is our funding objective?
MTB participates since 2015 in the Asian Development Bank (ADB) Trade Finance Program. FMO will provide a trade finance facility to MTB in cooperation with ADB. Purpose of the facility is to support and promote the increasing trade finance activities.
Why do we fund this investment?
Bangladesh economy is on the rise with its key sectors generating more direct employment and exporting their produce. A trade finance product supports this development. MTB is a good standing client of ADB.
What is the Environmental and Social categorization rationale?
FI-A. The client is classified as FI-A due to exposure of 20% in potentially high-risk sectors. MTB has a functioning ESMS in place and is working on an upgrade of its ESMS with long term support from DEG.
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Publication date
- 5/9/2018
- Effective date
- 6/9/2018
- End date
- 2/26/2021
- Total FMO financing
- USD 8.00 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) - A