BRAC Bank signs refinancing agreements for green industries, ICT ventures

BRAC Bank has signed participation agreements with Bangladesh Bank to help eligible businesses access affordable financing for green industrial facilities and information and communication technology (ICT) ventures.

BRAC Bank Managing Director and CEO Tareq Refat Ullah Khan and Bangladesh Bank Sustainable Finance Department Director AKM Nurunnabi signed the agreements on behalf of their respective organisations on 24 September, 2026, according to the press release.

The agreements cover the Refinance Scheme for Green Factory Building and Green Industry and the Refinance Scheme for the Development of ICT Sector. Backed by revolving funds totalling Tk2,000 crore, the schemes offer eligible borrowers financing at interest rates of up to 5%, with tenures ranging from three to 10 years.

For manufacturers, the financing can support the construction or upgrading of environmentally sustainable factories and industrial facilities, including projects that meet recognised green-building standards.

The ICT scheme covers eligible activities in software, artificial intelligence, cloud computing, cybersecurity, fintech, data analytics, robotics and healthtech.

Lower-cost, longer-term financing can help businesses proceed with investments that might otherwise be difficult to fund. It can ease the cost of developing greener facilities while giving ICT businesses greater scope to develop technology, expand their operations and meet eligible working capital needs.

Tareq Refat Ullah Khan said, "Bangladesh's next phase of growth depends on businesses becoming more productive, technology-enabled and environmentally responsible. Through these schemes, we can help eligible clients access affordable capital to make those investments. When businesses can build cleaner facilities and stronger technological capabilities, they become better placed to compete, grow and create opportunities for the country."

The agreements add to BRAC Bank's sustainable finance efforts. Its Sustainable Finance Help Desks help clients identify green investment opportunities and understand the financing options available to them.

By connecting businesses with these refinancing facilities, BRAC Bank aims to support investment in the industries and technologies shaping Bangladesh's future growth.