BRAC Bank Secures EUR 60 Million EIB Facility to Accelerate Bangladesh’s Green Transition
BRAC Bank has secured a landmark EUR 60 million long-term financing facility from the European Investment Bank (EIB), marking the longest-tenor funding ever extended by a development finance institution to a commercial bank in Bangladesh.
Arranged through BRAC Bank's Offshore Banking Unit, the 12-year facility will expand access to long-term green financing, enabling businesses to accelerate sustainable investments and strengthen Bangladesh's transition towards a greener economy.
The financing will support businesses, particularly in the ready-made garment and textile sectors, to invest in circular economy initiatives, renewable energy, energy efficiency and sustainable waste management. As one of Bangladesh's largest export industries, the sector stands to benefit from increased acc...