The Asian Development Bank (ADB) has warned the public in Bangladesh against a growing number of fraudulent schemes offering fake loans by misusing its name and logo.
In a statement issued on Monday, the Manila-based lender said it does not provide loans or financial assistance directly to individuals under any circumstances.
ADB also clarified that it never asks for personal financial information or requests payments—through mobile banking or any other channel—in exchange for loans or funding.
The warning comes amid reports that fraudsters have set up fake websites, Facebook pages and identities to impersonate ADB and its officials. These scams are designed to mislead people and extract money by promising loans.
“ADB has no involvement in such schemes,” the statement said, urging the public to remain vigilant and avoid responding to suspicious offers.
People approached by individuals or groups claiming to provide ADB loans or financial assistance have been advised to report the incidents to the relevant authorities.
ADB reiterated that it works with the Government of Bangladesh and private-sector entities to support development projects through formal and transparent processes, not direct lending to individuals.
The lender, a long-standing development partner of Bangladesh, said any claim of direct loan offers in its name should be treated as fraudulent.