Project detail - MUTUAL TRUST BANK LIMITED

MUTUAL TRUST BANK LIMITED

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Who is our client

Mutual Trust Bank (MTB) is a mid-sized private commercial bank incorporated in 1999. It offers a variety of products, including corporate, SME’s, consumer financing and trade finance.

Funding objective

MTB participates since 2015 in the Asian Development Bank (ADB) Trade Finance Program. FMO will provide a trade finance facility to MTB in cooperation with ADB. Purpose of the facility is to support and promote the increasing trade finance activities.

Why we fund this project

Bangladesh economy is on the rise with its key sectors generating more direct employment and exporting their produce. A trade finance product supports this development. MTB is a good standing client of ADB.

Environmental and social rationale

FI-A. The client is classified as FI-A due to exposure of 20% in potentially high-risk sectors. MTB has a functioning ESMS in place and is working on an upgrade of its ESMS with long term support from DEG.

Region
Asia
Country
Bangladesh
Sector
Financial Institutions
Signing date
6/9/2018
Total FMO financing
USD 8.00 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