PROJECT

Projects

Summary of Investment Information

Project Number

40874

Company Name

RSF HSBC Bangladesh

Date SPI Disclosed

Feb 27, 2018

Country

Bangladesh

Region

South Asia

Projected Board Date

Apr 2, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 16, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 8, 2020
Signed : May 14, 2021

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

  The proposed transaction entails providing unfunded risk sharing facility (RSF) to HSBC Bangladesh (the ‘Bank’) on a portfolio basis. The underlying portfolio will comprise of asset totaling US$200 million equivalent, which IFC will risk share on a 50:50 basis (i.e. maximum IFC exposure not to exceed US$100 million equivalent). The RSF will support the Bank to extend additional finance to its existing clients in sectors which have significant impact on the growth of Bangladesh economy and are also of strategic importance and relevance to IFC, namely Agribusiness, Power, Climate/Clean energy, RMG  (Ready Made Garment ) and Pharmaceuticals.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation