Belgian Investment Company for Developing Countries
The Belgian Investment Company for Developing Countries (BIO) is an economic development agency located in Brussels, Belgium, founded in 2001. Its primary goal is to foster a robust private sector in developing and emerging countries, facilitating access to sustainable growth and development. BIO directly invests in private sector projects, contributing significantly to the socio-economic development of the host countries. The agency's mandate emphasizes specific geographical targets, diverse financing tools, and a strong focus on the impact of its investments on development, aligning with international development goals. The management of BIO's assets is overseen by its executive management team, ensuring that its initiatives effectively support sustainable economic progress in the regions it serves.
Mutual Trust Bank Limited is a private commercial bank based in Dhaka, Bangladesh, established in 1999. The bank provides a diverse range of banking services, including retail banking products such as savings and current accounts, fixed deposits, personal loans, auto loans, home loans, and professional loans. It also offers various credit and debit card services, locker facilities, and comprehensive wholesale banking solutions, including term finance and working capital finance. Additionally, Mutual Trust Bank engages in trade finance, offshore banking, and services tailored for small and medium enterprises and non-resident Bangladeshis. The bank operates through an extensive network of 118 branches, five sub-branches, 131 agent banking centers, and numerous automated teller machines and point of sale terminals. Its operations are categorized into several segments, primarily focusing on domestic banking, which constitutes the majority of its revenue.
South Asia Growth Fund II (SAGFII)
Venture Round in 2019
South Asia Growth Fund II (SAGF II), an investment fund dedicated to support energy and water efficiency in India and Bangladesh,
Summit Power International
Debt Financing in 2014
Summit Power International Limited is an independent power producer based in Singapore, primarily engaged in electricity generation and supply in Bangladesh. Established in 2016, the company is a key player in the energy sector, holding 17% of the private installed capacity in the country. Summit Power operates a diverse portfolio of 15 power plants with a total installed capacity of approximately 976 MW, supplying electricity to both the Bangladesh Power Development Board and the Bangladesh Rural Electrification Board. The company also utilizes a Floating Storage and Regasification Unit (FSRU) that delivers 500 mmcfd of gas, contributing to its operations. With strategic partnerships, including a significant stake held by JERA Co., Inc., Summit Power is actively expanding its clean energy initiatives. Current projects include the 590 MW Meghnaghat II dual-fuel plant and a third FSRU project, emphasizing the company's commitment to enhancing energy security and promoting sustainable growth in Bangladesh.
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