DEG- Deutsche Investitions- und Entwicklungsgesellschaft mbH
Deutsche Investitions- und Entwicklungsgesellschaft (DEG) mbH, a member of KfW banking group owned by the German government, is one of the largest European development finance institutions for long-term project and company financing. Founded in 1962, DEG has been financing and structuring investments of private companies in developing and transition countries for more than 50 years. DEG’s aim is to establish and expand private enterprise structures in developing and transition countries, and thus create the basis for sustainable economic growth and a lasting improvement in the living conditions of the local population.
DEG provides long-term finance for private companies in emerging countries in the manufacturing, infrastructure, finance and agricultural industries. With a total portfolio of EUR 9.16 billion, DEG is Europe’s major development finance institution for the private sector in Asia, Africa, Latin America and Eastern Europe.
DEG has been active in Bangladesh since 1981 and has financed 41 companies with a total of EUR 515 million in the form of equity and long-term loans. Among these, DEG was a founding member of Industrial Promotion and Development Company (IPDC) and IDLC.
Besides financial and economic viability, DEG gives high priority to positive developmental impact, international environmental and social standards as well as good corporate governance of the companies financed. DEG’s portfolio companies are substantially contributing to the economic development of the country.
Furthermore, DEG provides technical assistance- and grant funds for projects such as support of international certification of Bangladeshi textile and garment companies, corporate governance trainings to manufacturer of electrical and electronics devices, improvement of ship recycling sector as well as compliance systems for seafood exporters. DEG has also partially reimbursed a manufacturer of electrical and electronics devices who has supported Bangladesh’s Healthcare Sector, General People, own Employees and Stakeholders by providing PPE (Personal Protective Equipment), Ventilators and Sanitizer to fight against the COVID-19 pandemic.
DEG’s representation in Bangladesh is through the KfW Office in Dhaka.
German Desk: In cooperation with Mutual Trust Bank (MTB), DEG operates a German Desk in Dhaka. The German Desk Relationship Manager, Mr. Emdadul Karim Quoreshi, serves as first contact to German companies and their local clients in order to facilitate their business by providing financial support and solutions in form of access to the product range of local bank MTB. The services comprise bank accounts, credit lines, trade finance, transaction banking and many more.