The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
South Asia

Bangladesh’s Green Delta Capital: Doing good and doing it well

The Bangladeshi investment bank seems closer to a supranational lender in terms of aspirations.

Green Delta Capital is based in Dhaka

Green Delta Capital is one of the newer faces in investment banking in Bangladesh. Formed by the country’s largest insurance company, which has support from the private investment arm of the World Bank, it sees itself as an investment bank that can do good.

Its greatest influences are multilateral lenders such as the World Bank, not swashbuckling global investment banks, and its principles are drawn from those of various international development finance institutions.

“Anything that has non-environmentally friendly projects or that is doing something non-environmentally friendly, we don’t take it,” says Rafiqul Islam, managing director and chief executive of Green Delta Capital.

While that approach might seem to limit the scope for business in a frontier market, there are plenty of environmental, social and governance-related opportunities in Bangladesh, which has critically high pollution levels and suffers from devastating annual floods.

“We are looking at where the country is trying to change itself from an agriculture-based economy to a manufacturing economy,” adds Islam. “So one of our main focuses is the manufacturing sector.”

Keeping to its green and manufacturing focus, the bank signed a series of deals last year, including a pair of US dollar debt financings in the transportation sector.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree