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Bangladesh Infrastructure Finance Fund Limited (BIFFL) : Background
Bangladesh Infrastructure Finance Fund Limited (BIFFL) : Background
Banking Financial Institution, operating since 2011. It is established by a resolution of the Cabinet of
the Government of Bangladesh and owned by the Ministry of Finance. BIFFL is the largest NBFI
operating in the country in terms of capital base with BDT 19.40 billion paid up.
BIFFL has a strong mandate to invest in the large infrastructure projects of Bangladesh, including
power & energy, ports, connectivity, tourism and economic zones. It also wants to ensure a
Background
BIFFL envisages attracting private investment from local & foreign investors and to invest in
companies that are implementing infrastructure projects in Bangladesh. BIFFL is also committed to
protect environment. Green economy and eco-friendly measures are our foremost priority while
considering any investment deal
Vision
Acceleration of economic growth by leveraging relative strengths of Public and Private Sector through
financing Infrastructure Projects.
Mission
To provide a unique vehicle for capital market development by exploring a number of avenues
to capture domestic and foreign investment within the contexts of a robustly designed and well-
governed investment vehicle.
Objectives
To promote, encourage and finance Private Sector Investment in all infrastructure sector.
To extend financing facilities for the infrastructure projects in the form of debt or equity.
To attract private investment in long term infrastructure projects: overcoming the asset liability
mismatch of existing bank finance
To create funds, sub-funds, including Islamic Funds, and any other type of Funds as deemed
appropriate by the Company.
Strategic Priorities
To focus on recruitment and retention of skilled, honest, creative and talented manpower
To maximize shareholder equity by maintaining asset quality with balanced and sustainable
growth
To enhance brand image through excellent customer service, CSR activities and finance in green
& energy efficient projects
Date Achievement
Mr. S.M. Formanul Islam joins as the second full-time Executive Director
01 June 2015
& CEO of BIFFL.
02 March 2015 First disbursement made to a Brick Project (ARB Enterprise)
Mr. Md. Atiquzzaman joins as the first full-time Executive Director & CEO
01 February 2012
of BIFFL.
The first meeting of the BoD held at the Finance Division, Ministry of
20 April 2011
Finance, and Bangladesh Secretariat.
Advisory Board
Formation of Advisory Board:
In Accordance with Article-134 & 135 of the Article of Association, a Ten Members Advisory Board of
BIFFL has been formed, which is to be an apex body.
The responsibility of Advisory Board is:
to provide guidelines and strategy to the Company for formulation of national policies, their approval &
supervision;
to give directions, supervise and monitor implementation with a view to updating and implementing the
Company and Government's goals for Infrastructure development;
Board of Directors
The Board of Directors of BIFFL comprises 7 Senior Government Officials and a full-time Executive
Director & CEO appointed from Private Sector.