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.
Bank Asia is a third-generation private sector commercial bank incorporated on 28 September 1999 in Bangladesh.Bank Asia is a listed entity and as of Dec, 2017, the Sponsors held 51.66% of the shareholding in the Bank, Local institutional investors held 30.82% shareholding and remaining 16.87% shareholding was held by the public.
Bank Asia Limited
Md. Zia Arfin
Md. Zia Arfin
Rangs Tower, 68,Purana Paltan, Dhaka-1000
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