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WCSS Prime Bank BSLF III

Sector: Warehouse • Location: Bangladesh

Source: International Finance Corporation (IFC)

Project
Completed

The Project consists of providing a 1 year Short-Term Loan in the amount of up to US$20 million (for 12 months, renewable up to two times at IFC’s option for an additional 24 months, for a maximum aggregate period of up to 36 months) to Prime Bank Limited (the “Bank” or “Prime Bank”) to support the foreign currency needs of SMEs in Bangladesh. The Bank was incorporated in February 12, 1995 and co

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The project “WCSS Prime Bank BSLF III” is an infrastructure initiative in the Warehouse sector, located in Bangladesh. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The Project consists of providing a 1 year Short-Term Loan in the amount of up to US$20 million (for 12 months, renewable up to two times at IFC’s option for an additional 24 months, for a maximum aggregate period of up to 36 months) to Prime Bank Limited (the “Bank” or “Prime Bank”) to support the foreign currency needs of SMEs in Bangladesh. The Bank was incorporated in February 12, 1995 and commenced its banking business with one branch on April 17, 1995 under a license issued by Bangladesh Bank. The Bank has total assets size of US$3.16 billion as of 31st December 2013. Prime Bank has an outlet network of 138 branches (including SME branches) spread across almost all of the local cities with 151 owned ATMs.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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