BRAC Bank in Bangladesh has been operating since 2001, focusing its services on small and medium-sized enterprises. Access to credit provision is often difficult or limited for this sector. To increase its capital, BRAC Bank has decided to issue a convertible subordinated bond in local currency. Triodos Fair Share Fund and Triodos Microfinance Fund, together with the Dutch development bank FMO and the Norwegian Norfund, are among the first foreign investors in the bond. Their investment will stimulated the development of small and medium-sized enterprises in Bangladesh.
KEY INDICATORS BRAC Bank at year-end 2012:
- number of loan clients: 155,962
- percentage female clients: 8%
- percentage rural clients: 32%
- average loan amount: EUR 6,337
- number of savings clients: 648,638
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.