BB inks agreements with 14 banks, FIs

Publish: 8:11 PM, February 25, 2021 | Update: 8:11:PM, February 25, 2021

DHAKA, – Bangladesh Bank (BB) today signed participation agreements with nine banks and five financial institutions (FIs) to enhance competitive capacity and sustainability of the export oriented industries.

The Sustainable Finance Department of Bangladesh Bank organized the agreement signing function at BB headquarters in the city, said a press release.

BB Deputy Governor Ahmed Jamal was present in the signing ceremony as the chief guest while BB Executive Director Md. Shahidul Islam, BB General Manager Khondkar Morshed Millat along-with the concerned officials of Sustainable Finance Department were present in the event.

General Manager of Sustainable Finance Department on behalf of Bangladesh Bank and the Chief Executives of Eastern Bank Ltd, Mutual Trust Bank Ltd, Mercantile Bank Limited., Southeast Bank Limited., Exim Bank Ltd., The Premier Bank Ltd., NRB Bank Ltd., Bangladesh Krishi Bank, IPDC Finance Ltd., IDLC Finance Ltd., Bangladesh Finance & Investment Co. Ltd., United Finance Ltd. and Infrastructure Development Co. Ltd. Signed on behalf of their respective organizations.

A refinance scheme of Taka 1000 crore in the name of Technology Development Fund or Upgradation (TDF) has been established in Bangladesh Bank. This fund has been established in conformity of ‘Export policy 2018- 21’ with a view to enhancing competitive capacity and sustainability of the export oriented industries.