Press release - January 14, 2011

SBI Announces Acquisition Agreement with Triodos Ventures 

Chicago (January 14, 2011)—SBI (ShoreBank International Ltd.)  is pleased to  announce that  Triodos Ventures BV, the innovative arm of the Triodos group of companies, has become the anchor shareholder of SBI.  With an initial investment from Triodos Ventures BV, SBI will strengthen its position as a leading international advisory firm in the inclusive finance industry.  Together, Triodos Ventures BV and SBI management intend to welcome several other likeminded investors during the course of 2011 to further bolster the international capital base of the company.  Read more.

Press release - January 11, 2011

SBI Announces Branchless Banking Initiative To support the UBL Omni model

January 11, 2011—(Chicago, IL, USA)-ShoreBank International Ltd. (SBI) announced today that it has received a $6.9 million grant from the Bill & Melinda Gates Foundation to support a local bank, United Bank Limited (UBL), to scale up an electronic services platform in Pakistan.

In 2010, UBL, one of the leading banking and financial services firms in Pakistan, launched its branchless banking service, UBL Omni, with an initial network of agents at dukaans (shops) in Pakistan.  Click here to read more. 

Press release - November 16, 2010

ShoreBank International Announces New Mobile Money Initiative To build a highly scalable mobile money platform

November 16, 2010—(Chicago, IL, USA)-ShoreBank International Ltd. (SBI) announced today that it has received a $10 million grant from the Bill & Melinda Gates Foundation to support a newly-established local enterprise build a highly scalable electronic payment platform in Bangladesh.  Click here to read more.

Press release - December 19, 2008

BRAC Africa Loan Fund Launched to Combat Poverty in East Africa

Dhaka, Bangladesh and Chicago, Illinois – December 19, 2008-BRAC, a leading international development organization founded in Bangladesh announced that it has successfully raised $62.6 million of debt capital to provide microfinance loans to poor borrowers in Tanzania, Uganda and Southern Sudan. The BRAC Africa Loan Fund provides long-term, local-currency funding that will enable BRAC to scale up its microfinance operations to reach over 700,000 borrowers through over 200 branches across the three countries. The Fund represents the largest single financing to date of a southern hemisphere development organization expanding into Africa.  Click here to read more.