BRAC Bank partners with BIFFL under JICA-funded loan programme
BRAC Bank PLC has entered into a partnership with Bangladesh Infrastructure Finance Fund Limited (BIFFL) to expand access to affordable finance for small and medium enterprises (SMEs).
BIFFL is a government-owned specialised finance company.
Under the partnership, BRAC Bank has joined a low-cost loan programme as a Participating Financial Institution, funded by the Japan International Cooperation Agency (JICA), to support the Food Value Chain Improvement Project. The initiative aims to strengthen SME capacity across priority sectors by improving access to long-term, competitively priced finance.
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The partnership agreement was signed on 17 December 2025 at BRAC Bank's head office in Dhaka. Md Shaheen Iqbal, CFA, Deputy Managing Director and Head of Wholesale Banking at BRAC Bank, and S M Anisuzzaman, Chief Executive Officer of BIFFL, signed on behalf of their respective organisations.
Also present at the ceremony were Tareq Refat Ullah Khan, Managing Director and Chief Executive Officer of BRAC Bank; Syed Abdul Momen, Additional Managing Director and Head of SME Banking; Tanveer Kamal, Head of Structured Finance; and other senior officials from both organisations.
Commenting on the partnership, Tareq Refat Ullah Khan said the collaboration reflects a shared commitment to building a more resilient and inclusive SME ecosystem. "Access to affordable, long-term finance remains one of the most critical enablers of sustainable enterprise growth. Through this partnership, BRAC Bank will be able to channel capital where it creates the highest impact—strengthening SMEs across the food value chain and supporting their journey from survival to scale," he said.
By leveraging BIFFL's funding structure alongside JICA's development finance, BRAC Bank will channel affordable capital to SMEs operating across the food value chain, supporting investment, expansion, and long-term resilience in an increasingly competitive business environment.
BRAC Bank said it continues to play a catalytic role in translating global development finance into tangible outcomes for local entrepreneurs.
