British International Investment

Brac Bank Limited

South AsiaFinancial 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.

This investment was made when British International Investment was named CDC Group.

We have now exited this investment. This is what we achieved.

Achieved impact

In 2019, we made a $30 million debt investment in BRAC - a leading financial institution in Pakistan. The impact thesis focused on increasing access to higher volumes and longer tenors of finance to SMEs in the country, whose growth is constrained by a lack of access to quality credit.

The loan matured in 2023. The data shows that BRAC performed well in terms of overall loan book growth (15 per cent growth year-to-date at H1 2023) and MSME lending, which grew by 24 per cent in 2022. MSMEs currently make up more than 50 per cent of BRAC's loan book.

Expected impact

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.

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.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    June 2024
    Project number

    An identifier number shared by investments in the same project.


    The current status of the investment (green flag for active and red flag for exited).


    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    South Asia

    The countries where the investment delivers impact. Where impact is delivered in multiple countries, this is indicated.


    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    Financial services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Start date :
    September 2019
    End date :
    September 2023
    Amount :
    Currency of investment :

    The company or investment fund’s place of incorporation.


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