Deshbandhu Group, one of Bangladesh’s leading industrial conglomerates, is set to receive a significant foreign direct investment (FDI) aimed at revitalizing its financial structure and strengthening the national economy. The initiative marks a major advancement in the country’s industrial and financial sectors.
The investment, exceeding €1 billion, will be sourced from American investors under the management of Baker Tilly JFC Group, a globally renowned investment management firm. The agreement between Deshbandhu Group and Baker Tilly JFC will facilitate a comprehensive loan restructuring plan under the one-time exit policy of Bangladesh Bank.
In the first phase, the FDI will be used to settle the group’s existing bank loans. According to the agreement, only the principal amount of the loans will be repaid—excluding interest and penalties—based on a discounted capital approach. This will significantly reduce the financial burden currently imposed by high-interest rates and overdue penalties.
A senior official of Baker Tilly JFC Group stated: “Deshbandhu Group has a solid industrial foundation. This strategic investment will not only enhance its operational capacity but also boost global investor confidence in Bangladesh’s economy.”
To move forward, Baker Tilly JFC has requested that Bangladesh Bank coordinate with relevant banks to verify the outstanding loan amount—separating principal from interest and penalties—up to June 30, 2025. The request was made through an official letter addressed to the central bank governor on Monday, June 16.
MA Bashir Ahmed, Additional Managing Director and CFO of Deshbandhu Group, will supervise the implementation of the agreement and lead coordination efforts between the parties involved.
This partnership is expected to improve liquidity and long-term stability for Deshbandhu Group while demonstrating Bangladesh’s growing potential to attract substantial foreign investment in its industrial sector.
Bd-pratidin English/ Jisan
