Central Bank’s fund of Tk 1,000 crore for modernization of industrial sector

For the modernization and technological development of the export oriented industry, Bangladesh Bank has set up a refinancing fund of Tk. To this end, Bangladesh Bank has signed an agreement with commercial banks and financial institutions in the light of ‘Export Policy 2018-21’ to increase the capacity of export oriented industries in the international market.

On Thursday (February 25), 9 commercial banks and 5 financial institutions signed a ‘participation agreement’ with Bangladesh Bank to avail refinancing facilities under the fund.

Mr. Ahmed Jamal, Deputy Governor was present as the Chief Guest at the signing ceremony organized by the Sustainable Finance Department. Mr. Executive Director on the occasion. Mr. Sahidul Islam, Chief Executives of the concerned banks and financial institutions and Mr. Khandaker Morshed Millat, General Manager, Sustainable Finance Department were also present.

On behalf of Bangladesh Bank, General Manager of Sustainable Finance Department and Eastern Bank Ltd., Mutual Trust Bank Ltd., Mercantile Bank Ltd., BRAC Bank Ltd., Southeast Bank Ltd., Exim Bank Ltd., The Premier Bank Ltd., NRB Bank Ltd., Bangladesh Krishi Bank, IPDC Finance Ltd., IDLC Finance Ltd., Bangladesh Finance and Investment Company Ltd., United Finance Ltd. and Infrastructure Development Company Ltd. signed the agreement on behalf of the bank and financial institution.

Sunbd/NJ