PROJECT

Projects

Summary of Investment Information

Project Number

41088

Company Name

BANK ASIA 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

Aug 29, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 13, 2019
Signed : Jun 16, 2019
Invested : Jul 1, 2019

Sector

Commercial Banking - General

Project Description

The proposed investment (Project) is a straight senior loan of up to USD 40 Mn to IFC’s existing client, Bank Asia Limited (“Bank Asia” or the “Bank”). The proceeds would be used by the Bank to develop a Green portfolio of loans in renewable energy and energy efficiency. The investment aims to catalyse the growth of Green Lending Programs for Banks in Bangladesh. This will also be FIG’s first climate finance investment with a partner institution in Bangladesh .  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation