Project detail - ONE BANK LIMITED

ONE BANK LIMITED

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Who is our client

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.

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 we fund this project

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
4/11/2018 USD 30.00 MLN
Region
Asia
Country
Bangladesh
Sector
Financial Institutions
Signing date
11/7/2016
Total FMO financing
USD 15.00 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