BRAC Bank Limited

South Asia Financial services

Bangladesh bank, BRAC Bank, has largest market capitalization in the country’s banking sector. The Bank is sponsored by BRAC NGO, the largest NGO in the world, with a clear mandate for impact investment and financial inclusion.

Our investment

CDC’s capital will help BRAC Bank to increase its lending programme to export-led and other businesses to accelerate their growth, advance employment and positively contribute to Bangladesh’s economy.

Expected impact

Banking penetration and access to long term finance in Bangladesh remains low; this has restricted the growth of small and medium enterprises (SMEs) and subsequently stifled economic growth. CDC invests long term capital in financial institutions as a powerful mechanism through which to deliver impact at scale as its fund injection helps banks to increase their lending capabilities.

Environmental and social aspects

CDC will support BRAC to enhance its E&S management system which will have a positive impact on how the bank's borrrowers manange E&S aspects.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries:
Bangladesh
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Website:
https://www.bracbank.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Direct Debt
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
September 2019
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$30m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Bangladesh