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IDLC Finance

Sector: Residential • Location: Bangladesh

Source: International Finance Corporation (IFC)

Project
Pending
     The proposed project consists of senior financing to IDLC Finance Limited (IDLC or the Company). The proceeds will be utilized by IDLC for supporting affordable housing finance for purchase / construction & extension of house to individuals under low and medium income group in Bangladesh. 
  
  
     
  
  
    IDLC is the 

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Project Information

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The project “IDLC Finance” is an infrastructure initiative in the Residential sector, located in Bangladesh. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

pending

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

 The proposed project consists of senior financing to IDLC Finance Limited (IDLC or the Company). The proceeds will be utilized by IDLC for supporting affordable housing finance for purchase / construction & extension of house to individuals under low and medium income group in Bangladesh.    IDLC is the largest NBFI in Bangladesh registered with the Bangladesh Bank. The Company has a substantial SME portfolio and presence in Tier II/III cities. As of December2017, the Company held US$1.2 billion in assets and ~20% of its loan portfolio was dedicated to housing finance.    The project will be supported by the Local Currency Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. The Local Currency Facility will help deepen the housing market by supporting longer-term local currency lending, and will contribute to make homeownership more affordable thanks to the extension of mortgage loans maturities.                                                  

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Budget

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Location

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County

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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