IDLC FINANCE LIMITED
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
IDLC is the largest and one of the few strong non-banking financial institutions (NBFIs) in Bangladesh. Established in 1985, it has grown into a multi-product company in the past 28 years with a strong presence in corporate, SME, consumer and capital market business in Bangladesh, building up an asset-base of over US$500 million. It is the only financial institution (FI) in Bangladesh that is a member of the United National Environment Programme Finance Initiative (UNEPFI) and strongly committed to sustainable business practices. It is also a signatory to the United Nations Global Compact (UNGC).
What is our funding objective?
FMO's funding will be allocated to SMEs, one of the core businesses of IDLC. The majority will be utilized by USD earning companies in need of USD funding.
Why do we fund this investment?
The providing financing to the MSME sector is part of FMO's strategy for Bangladesh; there is a strong strategic fit with IDLC's focus on SMEs. IDLC is one of the most established NBFIs in the Bangladeshi financial sector with a diversified approach. Additionally, as a next step in the environmental and social (E&S) strategy, E&S aspects will be targeted on a client level by setting up an E&S management system.
More investments
| Date | Total FMO financing |
|---|---|
| 1/12/2017 | USD 40.00 MLN |
- Website customer/investment
- http://www.idlc.com
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 1/23/2014
- End date
- 1/15/2019
- Total FMO financing
- USD 17.30 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) - A