EASTERN BANK LIMITED
Status: Completed investmentWhy disclosure?
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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
Eastern Bank Limited (EBL) is a medium-sized private sector commercial bank in Bangladesh with a strong focus on business clients and providing trade, corporate and project finance, SME, retail and personal banking services.
What is our funding objective?
FMO will provide long-term funding to support the growth of the bank's Off Shore Banking Unit portfolio, which lends to import/export companies with USD revenues, in order to target SMEs and corporates.
Why do we fund this investment?
Long-term USD funding remains scarce in Bangladesh. Beyond that, FMO's funding will support the further development of EBL's corporate and - most importantly - SME portfolio, the portion which is considered the driving force of the Bangladeshi economy.
More investments
| Date | Total FMO financing |
|---|---|
| 6/9/2020 | USD 20.00 MLN |
| 12/8/2022 | USD 20.00 MLN |
- Website customer/investment
- http://www.ebl.com.bd
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 8/13/2014
- End date
- 11/3/2020
- Total FMO financing
- USD 20.00 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