ONE 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?
ONE Bank Limited is one of the leading private commercial banks in Bangladesh. It is a robustly growing bank that wishes to serve as a role model in the banking sector in Bangladesh. To promote the growing Offshore Bank Unit activities and fund its foreign currency generating clients, as well as its general clients, ONE Bank Limited requested for a USD term loan.
What is our funding objective?
The facility provided to ONE Bank Limited is mostly dedicated to SMEs and Green financing. As part of our long term partnership, ONE Bank Limited agreed upon an Environmental and Social Action Plan which will take the Environmental and Social Management Systems to the next level and to which the parties in the syndicate will provide capacity development support.
Why do we fund this investment?
ONE Bank Limited, being a robustly growing bank in a Low Middle Income Country, acknowledges that financing of entrepreneurs has a tremendous development impact. The financing will have a positive contribution to at least four of the UN Sustainable Development Goals. SDG 1 (no poverty), 8 (decent work and economic growth), 12 (responsible consumption and production) and 13 (climate action). FMO is acting as the Agent and Co-Arranger of the syndicated loan with OFID and OeEB as syndication partners.
More investments
| Date | Total FMO financing |
|---|---|
| 4/13/2023 | USD 30.00 MLN |
- Region
- Asia
- Country
- Bangladesh
- Sector
- Financial Institutions
- Effective date
- 11/7/2016
- End date
- 11/22/2021
- Total FMO financing
- USD 15.00 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