PRIME BANK LIMITED
Status: Completed investmentWhy disclosure?
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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
Prime Bank Limited (PBL) is a commercial bank in Bangladesh with a strong focus on corporate banking. Banking for small- and medium-sized enterprises (SMEs) has become increasingly important for PBL and SMEs are currently serviced through 132 general branches and 17 dedicated SME branches throughout the country. Around 400 direct sales executives are focused on SMEs. The aim of PBL is to support SMEs not only financially, but with training and advisory service that help them to grow into corporate customers. In this way PBL also builds a long-standing, solid relationship with a loyal group of customers.
What is our funding objective?
FMO is providing capacity development funding to help PBL set up an environmental and social management system. Through this system, PBL will target environmental and social (E&S) improvements on a client level. The system will improve the E&S performance of PBL's customers by, at the minimum, requiring them to comply with Bangladesh's environmental, health & safety and labour regulatory requirements.
Why do we fund this investment?
This project will contribute to improving Bangladesh's environmental and social standards, both in the financial sector and - through PBL's end clients - in other sectors as well. Enhancing the sustainability of businesses (in Bangladesh) is an important part of FMO's strategy.
More investments
| Date | Total FMO financing |
|---|---|
| 12/14/2023 | USD 25.00 MLN |
| 2/4/2020 | USD 25.00 MLN |
- Website customer/investment
- http://www.primebank.com.bd
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 9/2/2014
- End date
- 7/10/2018
- Total FMO financing
- EUR 0.01 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) - B+