Bangladesh Infrastructure Finance Fund Limited (BIFFL)

What Bangladesh Infrastructure Finance Fund Limited (BIFFL) does

Bangladesh Infrastructure Finance Fund Limited (BIFFL) is the largest Non-Banking Financial Institution (NBFI) in Bangladesh by paid-up capital (BDT 23.08 billion, against authorized capital of BDT 100 billion), established by a Cabinet resolution of the Government of Bangladesh in 2011 and licensed by Bangladesh Bank in October 2011. The institution is fully owned by the Government of Bangladesh through the Finance Division, Ministry of Finance, and operates from a USGBC LEED Platinum-certified corporate office in Eskaton Garden, Dhaka. BIFFL functions as a specialized development finance institution (DFI) that addresses long-term infrastructure financing gaps in Bangladesh by directly lending to, and taking equity in, infrastructure projects, PPP ventures, energy efficiency and renewable energy projects, agribusiness and food-processing SMEs, and women entrepreneurs. It also acts as a wholesale on-lender through participating financial institutions (BRAC Bank, SME Foundation, IDLC Finance) for SME programs.

BIFFL's product portfolio spans 13 financing instruments across debt (Term Loans, Working Capital Loans, Bridge Financing, Factoring, Takeover/Takeout Financing, Lease Financing, Bond Financing, Commercial Papers) and equity (Ordinary Shares, Preference Shares, Mezzanine Financing, Convertible Debt). Alongside its own-fund lending, BIFFL channels concessional finance from four multilateral development partners — JICA (EECPFP, FVCIP), ADB (PPP credit line for Dhaka Bypass Expressway), AFD (EEREWEF), and KfW (EEI) — into dedicated loan programs for energy efficiency, renewable energy, food value chain, and women entrepreneurship. Notable financed projects include the Dhaka Bypass Expressway (BDT 1,075 crore), the First Dhaka Elevated Expressway, Summit Towers telecom bond issuance, Setu Pesticides seed processing facility, U.K. Bangla Cement, Paramount Textile, and M.M. Ispahani's energy-efficient textile mill.

BIFFL generates revenue primarily through interest income on loans and equity investments, supplemented by fee income from documentation, processing, and prepayment charges. Reported FY2024 total revenue was BDT 4,112.65 million with after-tax profit of BDT 1,011.32 million, against FY2023 revenue of BDT 3,069.73 million and profit of BDT 833.08 million, implying ~34% revenue growth and ~21% profit growth year-over-year. The go-to-market combines direct enterprise engagement with project sponsors and government ministries, channel partnerships for SME on-lending, and institutional events/financial literacy programs; pricing is publicly disclosed, with concessional interest ceilings of 5–6% on development-partner-funded programs and a published schedule of processing, prepayment, and penal charges.

Name

Bangladesh Infrastructure Finance Fund Limited (BIFFL)

Legal name

Bangladesh Infrastructure Finance Fund Limited

Website

https://biffl.org.bd

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Bangladesh Infrastructure Finance Fund Limited (BIFFL) is a government-owned, specialized Non-Banking Financial Institution that provides long-term concessional financing and equity investments for infrastructure, PPP, energy efficiency, renewable energy, agribusiness, and women-entrepreneurship projects in Bangladesh, channeling funds from JICA, ADB, AFD, and KfW.

Ownership category

akta.pro rank

Product category

Development Finance / Infrastructure Financing

NAICS

Commercial Banking (522110), Commercial Banking (52211), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Development Finance & Blended Finance Facilities (BPADAOAD)

akta.pro secondary industries

Impact Investment & Development Investment Funds (BPADACAO), SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Policy Banks (Government-Directed Lending Banks) (FSABAKAM), Infrastructure Debt Funds (FSANAEAL)

Keywords

• Infrastructure project financing
• Development finance institution
• Concessional loan programs
• Public-private partnership financing
• Non-banking financial services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: BIFFL generates primary revenue through interest charged on loans extended to infrastructure projects, energy efficiency initiatives, and SME financing. Loan products include term loans, working capital loans, bridge financing, and equity investments with varying interest rates based on project type and concessional funding sources.
2. Fee Income: The institution earns fee income from documentation and processing charges, prepayment fees, and other loan-related service fees. Application fees and balance confirmation certificates are provided at nil cost as per the fee schedule.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Bangladesh Infrastructure Finance Fund Limited (BIFFL) is a government-owned Non-Banking Financial Institution that provides long-term concessional financing for infrastructure projects, energy efficiency, renewable energy, food value chain development, and women entrepreneurship. It channels development partner funds from JICA, ADB, AFD, and KfW through 13 distinct debt and equity financing products, on-lending to enterprises directly and through participating financial institutions.

Product overview

Bangladesh Infrastructure Finance Fund Limited (BIFFL) operates as a Government-owned specialized financial institution offering a comprehensive suite of 13 debt financing and equity investment products. The product portfolio includes Term Loans, Working Capital Loans, Bridge Financing, Factoring, Takeover/Takeout Financing, Lease Financing, Bond Financing, and Commercial Papers for debt products; alongside Ordinary Shares, Preference Shares, Mezzanine Financing, and Convertible Debt for equity investments. BIFFL also manages development partner-funded loan programs including EECPFP (JICA), FVCIP (JICA), EEREWEF (AFD), and EEI (KfW) that provide concessional financing for energy efficiency, renewable energy, food value chain, and women entrepreneurship projects. The institution focuses on infrastructure financing across Power & Energy, Connectivity, Industrial Infrastructure, Tourism, Environmental Infrastructure, Urban Development, and IT sectors through PPP and direct lending structures.

Differentiator

Problem solved

Functional benefit

Products and services

• Food Value Chain Improvement Project (FVCIP) JICA-funded concessional financing program for agribusiness and food processing SMEs in Bangladesh, offering loans up to BDT 500 million with interest rates not exceeding 6%. BIFFL acts as the sole implementing agency, on-lending through partner banks including BRAC Bank and SME Foundation.
• Energy Efficiency and Conservation Promotion Financing Project (EECPFP) JICA-funded concessional loan facility up to BDT 1.5 billion (minimum BDT 5 million) for energy efficiency technology, machinery, and equipment adoption in Bangladesh, with standard interest rates of 5-6% and tenure based on project nature.
• Energy Efficiency, Renewable Energy, and Women Entrepreneurship Finance (EEREWEF) AFD-funded concessional loan facility up to BDT 100 crore over 15 years supporting energy efficiency, renewable energy projects, and women entrepreneurs in Bangladesh with flexible tenure greater than 3 years and flexible grace periods.
• Energy Efficiency in the Industry (EEI) KfW-funded refinancing facility of up to EUR 40 million for industrial companies including SMEs to invest in energy efficient equipment and processes achieving at least 20% energy and CO2 reduction.
• Infrastructure Debt Financing Products

Quantifiable outcome

• Energy savings of at least 20% through EE&C technology deployment
• +2 more outcomes

Named customers18 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• SME FoundationcoreChannel Partner/ Reseller/ Distributor · 31 March 2026BIFFL provides BDT 125 crore to SME Foundation for on-lending to cottage, micro, small and medium enterprises (CMSMEs) engaged in agro-based and food processing industries. SME Foundation channels funds through partner banks and NBFIs at rates up to 9%.
• BRAC Bank PLCcoreChannel Partner/ Reseller/ Distributor · 27 December 2025BIFFL partners with BRAC Bank to expand JICA-funded SME financing initiative for the Food Value Chain Improvement Project, with BRAC Bank acting as participating financial institution.
• BRAC Bank PLCcoreChannel Partner/ Reseller/ Distributor · 17 December 2025Partnership agreement where BIFFL provides BDT 125 crore to BRAC Bank for on-lending to SMEs in the food processing sector under JICA-funded FVCIP. BRAC Bank joined as a participating financial institution.
• Dhaka Ahsania MissionminorStrategic or Co-development Partner · 17 December 2023CSR partner for women empowerment through sewing machine provision to underprivileged trainees, supporting skill development and income-generating activities.
• IDLC Finance LimitedminorStrategic or Co-development Partner · 1 July 2019Joint term sheet with Summit Towers Limited and IDLC Finance for raising innovative long-term financing through bond issuance from Investment Promotion Financing Facility (IPFF) for telecom tower construction.

Scale indicators17 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• IDCOL (Infrastructure Development Company Limited): Bangladesh's other major government-affiliated DFI, focused on renewable energy and infrastructure financing. IDCOL shares JICA's EECPFP funding (JPY 11,988M split with BIFFL) and serves overlapping infrastructure and energy borrowers in Bangladesh.
• FMO (Dutch Entrepreneurial Development Bank): Netherlands-based DFI providing concessional infrastructure and renewable energy financing in emerging markets. FMO follows a comparable blended finance and PPP-focused model to BIFFL across developing Asia.
• IDLC Finance Limited: Bangladesh's largest non-bank financial institution by revenue, offering project finance, lease financing, and capital markets services. IDLC partners with BIFFL on the Summit Towers bond issuance and serves overlapping infrastructure borrowers.
• DEG (Deutsche Investitions- und Entwicklungsgesellschaft): German DFI subsidiary of KfW providing long-term financing for private enterprise infrastructure in developing countries. Closely comparable to BIFFL given KfW is already a core development partner for BIFFL's EEI project.
• British International Investment (BII): UK development finance institution investing in infrastructure and climate finance across South Asia. BII operates a comparable DFI model with concessional capital channeled into emerging market infrastructure projects.

Regional players

• National Housing Finance and Investment Limited: Bangladesh-based government-backed DFI focused on housing finance, where BIFFL's current CEO previously served as Deputy Managing Director. Comparable DFI model with government ownership and development finance orientation.

Broad incumbents

• IFC (International Finance Corporation): World Bank Group's private sector DFI, financing infrastructure and PPPs across emerging markets including Bangladesh. IFC operates at a larger scale and broader mandate than BIFFL but with overlapping PPP infrastructure financing activity.
• Asian Infrastructure Investment Bank (AIIB): Multilateral development bank focused on infrastructure in Asia-Pacific, including active investment in Bangladesh infrastructure. AIIB is a complementary (not direct competitor) infrastructure financier with comparable project finance capabilities.

Others

• BRAC Bank PLC: Bangladesh commercial bank serving as BIFFL's participating financial institution for SME on-lending under FVCIP. BRAC Bank acts as a distribution channel rather than direct peer, but operates in the broader Bangladesh development finance ecosystem.
• SME Foundation: Government-owned Bangladeshi entity channeling funds to CMSMEs in agribusiness and food processing. SME Foundation is a BIFFL channel partner (BDT 125 crore on-lending agreement) rather than a competitor, but shares the government-owned development mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bangladesh Infrastructure Finance Fund Limited (BIFFL)