Bangladesh's BRAC Bank secures $50m funding from German investor DEG

Bangladesh's BRAC Bank secures $50m funding from German investor DEG

Dhaka, Bangladesh. Credit:Flickr/United Nations Photo

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter