ONE Bank borrows $44m from int’l lenders

ONE Bank Limited (OBL) has entered into a green and SME syndicated term loan agreement with international FMO, OFID, and OeEB for US$ 44 million for a 5-year term, the bank said in a statement yesterday.

This loan will assist OBL to grow its US dollar balance sheet, SME book and green financing portfolio.
In addition to the loan, the three renowned Development Financial Institutes will assist OBL to improve its environmental, social, and safety standards.
M Fakhrul Alam, managing director of ONE Bank, Dave Smit, senior investment officer of FMO, and Sameer Ahmad, founder of RSA Capital, among others, were present at the signing ceremony.
FMO is the Dutch development bank funded by the Dutch government who has already invested heavily in Bangladesh, and has been a partner to Bangladesh for over 30 years while OFID - the OPEC Fund for International Development, was established by the member states of OPEC in 1976 as a collective channel to aid the developing economies.
OeEB, founded in 2008, is the official development bank of the Republic of Austria.

ONE Bank borrows $44m from intl lenders

ONE Bank Limited (OBL) has entered into a green and SME syndicated term loan agreement with international FMO, OFID, and OeEB for US$ 44 million for a 5-year term, the bank said in a statement yesterday. This loan will assist OBL to grow its US dollar balance sheet, SME book and green financing portfolio. In addition to the loan, the three renowned Development Financial Institutes willassist OBL to improve its environmental, social, and safety standards. M Fakhrul Alam, managing director of ONE Bank, Dave Smit, senior investment officer of FMO, and Sameer Ahmad, founder of RSA Capital, among others, were present at the signing ceremony. FMO is the Dutch development bank funded by the Dutch government who has already invested heavily in Bangladesh, and has been a partner to Bangladesh for over 30 years while OFID - the OPEC Fund for International Development, was established by the member states ofOPEC in 1976 as a collective channel to aid the developing economies. OeEB, founded in 2008, is the official development bank of the Republic of Austria.