PROJECT

Projects

Summary of Investment Information

Project Number

46227

Company Name

DUTCH-BANGLA BANK PLC

Date SPI Disclosed

Nov 21, 2022

Country

Bangladesh

Region

South Asia

Projected Board Date

Dec 22, 2023

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Oct 17, 2024

Department

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

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2023

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The proposed investment comprises of (i) a 3-year senior unsecured loan of up to US$20 million with an annual amortizing structure to support climate linked trade and (ii) an unfunded guarantee facility under the Global Trade Finance Guarantee Program of IFC (the “Project”) to support trade finance expansion in Bangladesh. The facilities will be extended to Dutch Bangla Bank PLC (“DBBL” or the “Bank”), a large private bank with an asset base of US$5.3 billion (4th largest amongst conventional private commercial banks) and ranking 2nd in terms of deposits. In addition, the project is supported by the IDA20 IFC-MIGA Private Sector Window’s Blended Finance Facility (“IDA PSW-BFF”) to de-risk the investment.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation