PROJECT

Projects

Summary of Investment Information

Project Number

39532

Company Name

ONE BANK LIMITED

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

Jun 11, 2022

Department

CF4S5 - Regional Industry - FIG Asia & Pac/FIG Inv Ops - South Asia

Industry

Financial Markets

Previous Events

Approved : Mar 30, 2018
Signed : Mar 31, 2018
Invested : Apr 18, 2018

Sector

Commercial Banking - General

Project Description

The proposed project consists of a Working Capital Solutions (WCS) facility for up to $30 million, a green/sustainable finance loan for up to $20 million and a $30 million guarantee under Global Trade Finance Program (GTFP) to ONE Bank Limited (the Bank or ONE Bank). The purpose of the IFC funding is to support and fund the Bank’s trade and lending program to its clients with focus on SME and to green subprojects in Bangladesh. 

 

ONE Bank was incorporated in May 1999 as a private commercial bank. The Bank is listed on the Dhaka and Chittagong Stock Exchanges. The Bank's total assets stood at $2.7 billion as of September 2017                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation