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WCSS Pubali Bank

Sector: Commercial • Location: Bangladesh

Source: International Finance Corporation (IFC)

Project
Completed
    The proposed project comprises of an investment of up to USD 50 million Working Capital Solutions (WCS) and USD 30 million Global Trade Finance Facilities (GTFP) with Pubali Bank Limited (PBL or the Bank). The investment intends to (i) support the MSME growth strategy and (ii) expand the USD denominated trade business through the Bank’s Offshore Ba

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Project Information

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The project “WCSS Pubali Bank” is an infrastructure initiative in the Commercial 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 proposed project comprises of an investment of up to USD 50 million Working Capital Solutions (WCS) and USD 30 million Global Trade Finance Facilities (GTFP) with Pubali Bank Limited (PBL or the Bank). The investment intends to (i) support the MSME growth strategy and (ii) expand the USD denominated trade business through the Bank’s Offshore Banking Unit. The financing provided is a fit with IFC country strategy of creating access to finance for SMEs and financial inclusion through investments in FIs.   Pubali Bank Limited is the largest conventional (non shariah) commercial bank in Bangladesh with an asset size of USD 4.2 Bn which represents ~5% of private commercial bank assets in Bangladesh and a deposit base of USD 3.2 Bn. It is a universal bank providing corporate, SME and retail banking services .  

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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