ONE BANK LIMITED
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