Project detail - EASTERN BANK LIMITED

EASTERN BANK LIMITED

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Who is our client

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.

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 we fund this project

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
2/6/2017 USD 20.00 MLN
Website client
http://www.ebl.com.bd
Region
Asia
Country
Bangladesh
Sector
Financial Institutions
Signing date
8/13/2014
Total FMO financing
USD 20.00 MLN
Fund
FMO
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