PROJECT

Projects

Summary of Investment Information

Project Number

37955

Company Name

Pubali Bank PLC

Date SPI Disclosed

Feb 28, 2018

Country

Bangladesh

Region

South Asia

Projected Board Date

Mar 30, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 6, 2021

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 19, 2018
Signed : Jun 21, 2018
Invested : Jul 16, 2018

Sector

Commercial Banking - Trade

Project Description

The proposed project comprises of an investment of up to USD 50 million Working Capital Solutions (WCS) and USD 30 million Global Trade Finance Facilities (GTFP) with Pubali Bank Limited (PBL or the Bank). The investment intends to (i) support the MSME growth strategy and (ii) expand the USD denominated trade business through the Bank’s Offshore Banking Unit. The financing provided is a fit with IFC country strategy of creating access to finance for SMEs and financial inclusion through investments in FIs.

 

Pubali Bank Limited is the largest conventional (non shariah) commercial bank in Bangladesh with an asset size of USD 4.2 Bn which represents ~5% of private commercial bank assets in Bangladesh and a deposit base of USD 3.2 Bn. It is a universal bank providing corporate, SME and retail banking services .  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation