Release date: 17 December 2024
Promoter – Financial Intermediary
BRAC BANK PLCLocation
Description
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.
Objectives
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.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 1/10/2024
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).