PROJECT

Projects

Summary of Investment Information

Project Number

35798

Company Name

DHAKA BANK LTD.

Date SPI Disclosed

Jan 26, 2017

Country

Bangladesh

Region

South Asia

Projected Board Date

Mar 1, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

CFGS5 - Global Industry, Financial Markets/FIG Operations - CSA

Industry

Financial Markets

Previous Events

Approved : Feb 27, 2017
Signed : Mar 6, 2017
Invested : Mar 27, 2017

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The project consists of a short-term loan (Working Capital Solutions, WCS) for up to $20 million and a $35 million guarantee under Global Trade Finance Program, GTFP to Dhaka Bank Limited (the "Bank" or "Dhaka Bank") to support the foreign currency needs of SMEs in Bangladesh. The financing provided is a fit with the World Bank and IFC strategy of promoting economic growth by providing access to finance to underserved market segments and promoting international trade, thereby leading to improved competitiveness, job retention and creation.

The Bank commenced operations on April 06, 1995 and has total assets of $2.48 billion as of September 30, 2016.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation