FMO leads development banks in backing Bangladesh SMEs with loan to BRAC Bank

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Asia-Pacific

Jonathan Bell

Editor-in-chief

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A syndicate of development banks and other agencies has agreed to provide a loan to BRAC Bank Limited (BBL) in Bangladesh, which is the largest syndicated loan to a Bangladeshi bank to date. The funds will be on-lent specifically to small and medium-sized (SMEs) customers of the bank.