Original disclosure @ IFC website
Updated in EWS Feb 20, 2023
Disclosed by Bank Nov 21, 2022
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According to DFC, the proposed investment comprises of (i) a 3-year senior unsecured loan of up to US$40 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 Limited (“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.
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