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BRAC BANK GREEN LOAN FOR MSMES

Summary sheet

Release date
17 December 2024
Status
Reference
Approved | 21/03/2025
20240407
Project name
Promoter - financial intermediary
BRAC BANK GREEN LOAN FOR MSMES
BRAC BANK PLC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
not applicable
Location
Sector(s)
Description
Objectives

Green credit line to BRAC Bank to accelerate the transition to sustainable and circular production in the Bangladeshi private sector across the ready-made garment, textile and other export-focused sectors.

EIB will provide a green credit line to BRAC Bank PLC (Offshore Banking Unit) to support the private sector transition towards circular and green practices. The EIB financing, along with technical assistance delivered in parallel under the SWITCH to Circular Economy Initiatives program, will help scale up investments in energy efficiency, green transportation, clean energy and circularity in the private sector.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
21 March 2025
Related documents
25/03/2025 - Environmental and Social Data Sheet (ESDS) - BRAC BANK GREEN LOAN FOR MSMES
Link to source
Summary sheet
BRAC BANK GREEN LOAN FOR MSMES

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - BRAC BANK GREEN LOAN FOR MSMES
Publication Date
25 Mar 2025
Document language
English
Main Topic
Lending
Document Number
239153997
Document Focus
Environmental Information
Document Type
Environmental and Social Data Sheet (ESDS)
Project Number
20240407
Sector(s)
Credit lines
Regions
Asia and Latin America
Countries
Bangladesh
Publicly available
Download now
or Link to source
Link to source
Related public register
25/03/2025 - Environmental and Social Data Sheet (ESDS) - BRAC BANK GREEN LOAN FOR MSMES
Other links
Summary sheet
BRAC BANK GREEN LOAN FOR MSMES

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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