DEG, the investment arm of German state-owned development bank KfW, has committed to invest $50 million in Bangladesh-based microfinance lender BRAC Bank, according to a disclosure.
BRAC, established in 2001, serves more than 1.3 million customers, mostly in rural and semi-urban parts of Bangladesh, through its expansive network of around 190 branches, 700 agent banking outlets, and 460 SME unit offices.
