Project detail - EASTERN BANK LIMITED

EASTERN BANK LIMITED

Back to map

Who is our client

EBL (founded in 1992) has established itself as a leading private commercial bank in the country, with corporate banking, consumer and SME Banking services. The customers are served through a network of 85 Branches, countrywide. EBL has its presence in the major cities/towns in the country, including Dhaka and Chittagong region. EBL has won the Best Bank in Bangladesh award in the Euromoney Awards for Excellence in 2016.

Funding objective

FMOs long term finance is dedicated to support local SMEs and Green financing.

Why we fund this project

There is a shortage of long-term financing in Bangladesh and this long-term loan will allow EBL to expand the SME financing business, to support export-oriented companies with funds, contributing to job creation in Bangladesh.

Environmental and social rationale

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

More investments

Date Total FMO financing
2/6/2017 USD 20.00 MLN
8/13/2014 USD 20.00 MLN
Website client
http://www.ebl.com.bd
Region
Asia
Country
Bangladesh
Sector
Financial Institutions
Signing date
6/9/2020
Total FMO financing
USD 20.00 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