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BRAC Bank partners with ACI PLC to deliver alternative, digital financing
Published : Saturday, 7 November, 2026 at 2:26 PM
Press Release
BRAC Bank has signed a comprehensive partnership agreement with ACI PLC, one of Bangladesh’s leading business conglomerates, to deliver wide range of banking and financing solutions including alternative and digital financing to ACI and its subsidiaries.
Under the partnership, BRAC Bank will facilitate digital cash collection through Bangla QR, Smart POS and designated payment channels for ACI’s distributors and dealers. The bank will also provide digital financing through its SHAFOLLO platform, enabling eligible borrowers to access credit through a streamlined process with automated disbursement.
The agreement further encompasses tailored distributor financing to support working capital and inventory requirements, alongside supply chain financing solutions, including inventory facilities, factoring and reverse factoring - to address financing needs across ACI’s broader supplier and value chain ecosystem.
To strengthen transaction efficiency, BRAC Bank will introduce Virtual Account-based collection facilities for distributors and dealers under its cash management solutions. The partnership will also facilitate agricultural credit lines and specialised financing for contract farmers, extending financial support across ACI’s agricultural value chain.
Beyond these services, the agreement establishes a framework for exploring future strategic initiatives, including mutually agreed financial pilots and innovative banking solutions tailored to evolving business requirements.
Commenting on the partnership with ACI PLC, Tareq Refat Ullah Khan, Managing Director & CEO of BRAC Bank, said, “Our partnership with ACI reflects BRAC Bank’s commitment to delivering integrated financial solutions that address the needs of businesses across their value chains. By combining digital payments, tailored financing and cash management capabilities, we aim to improve operational efficiency, strengthen business linkages and expand access to finance for distributors, suppliers and agricultural partners. We look forward to building a long-term partnership that creates shared value and supports sustainable business growth.”
Dr. Arif Dowla, Managing Director of ACI PLC, said: “We are pleased to partner with country’s leading bank, BRAC Bank, to strengthen our business operations through a comprehensive range of banking and digital financing solutions. This partnership will enhance operational efficiency, improve access to finance across our distribution and agricultural networks, and create new opportunities for sustainable growth. We believe this collaboration holds significant potential to deliver lasting value for both organisations and the wider business ecosystem.”
Tareq Refat Ullah Khan, Managing Director & CEO of BRAC Bank, and Dr. Arif Dowla, Managing Director of ACI PLC, signed the agreement on behalf of their respective organisations at ACI headquarters on November 4, 2026.
From ACI PLC, Md. Monir Hossain Khan, Chief Financial Officer; Md. Abu Hasan Zaman, Director, Treasury, were present. From BRAC Bank, Syed Abdul Momen, Additional Managing Director & Head of SME Banking; Md. Shaheen Iqbal CFA, Additional Managing Director &Head of Wholesale Banking; Md. Mahiul Islam, DMD and Head of Retail Banking; Md. Asif Bin Idrish; DMD and Head of Corporate, Commercial & Institutional Banking; were present.
-SA
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Editor : Iqbal Sobhan Chowdhury
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, 01550707296
E-mail: [email protected], [email protected]. [email protected], [email protected], [email protected], [email protected], Online-email: [email protected]
