BRAC Bank, OneTrueValue partner to boost green SME financing

BRAC Bank PLC yesterday signed a memorandum of understanding (MoU) with OneTrueValue (OTV), an investment management and advisory firm and an entity of Truvalu Bangladesh, to expand access to green financing for small and medium-sized enterprises (SMEs), reinforcing its commitment to sustainable business growth and Bangladesh’s transition to a low-carbon economy.

The partnership comes under the Access to Green Financing (A2GF) for Enterprises – Scale & Innovation programme, supported by the Embassy of Switzerland in Bangladesh.

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Under the agreement, BRAC Bank will strengthen its green financing capabilities while expanding SMEs’ access to funding for renewable energy, energy-efficient technologies, waste management, and circular economy initiatives.

Syed Abdul Momen, additional managing director and head of SME Banking at BRAC Bank, and Sharawwat Islam, a Chartered Financial Analyst and managing director of Truvalu Bangladesh, signed the MoU in Dhaka, according to a press release.

Speaking on the occasion, Abdul Momen said, “Green financing is already receiving extensive focus, particularly in our SME portfolio, and this partnership will help us expand that footprint further. As Bangladesh’s leading SME bank, we believe sustainability is becoming a key driver of business competitiveness.”

“By making green finance more accessible, we aim to empower entrepreneurs to adopt sustainable technologies, strengthen their businesses, and create lasting economic and environmental value,” he added.

Sharawwat said the collaboration aims to bridge gaps by connecting businesses with finance while strengthening systems to measure and verify their sustainability outcomes.

The partnership will also enhance BRAC Bank’s capacity to assess green investments through specialised assessment tools and technical expertise, helping SMEs improve resource efficiency, reduce environmental impact, strengthen resilience, and contribute to sustainable economic growth.