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LankaBangla signs refinance deal with BB

LankaBangla Finance has recently signed an agreement with Bangladesh Bank under “Refinance Scheme against Term Loan to the CMSME Sector,” a press release said Wednesday. Director of SME and Special Program Department, BB, Md. Jaker Hossain and Khwaja Shahriar, Managing Director and CEO of LankaBangla Finance Limited, signed the agreement on behalf of their organizations. Governor of Bangladesh Bank, Abdur Rouf Talukder, was present as the Chief Guest, and the Deputy Governor Abu Farah Md. Nasser was present as special guest. Md. Obaidul Hoque, Executive Director of BB, high officials of SME & Special Programmes Department of BB along with the Head of SME of LankaBangla Kamruzzaman Khan were also present at the signing ceremony. Under the agreement, LankaBangla Finance will be able to provide loans at a rate of only 7% to women entrepreneurs and calamity affected entrepreneurs, including cottage, micro, small and medium entrepreneurs in the country for a maximum of 5 years based on refinancing.

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