BRAC Bank has signed a participation agreement with Bangladesh Bank (BB) to avail “Refinance Scheme for Ship Building Industry” in line with the government’s ‘Ship-Building Industry Development Policy 2021,’a press release said Wednesday. This low-cost BDT 2,000 crore Refinance Scheme has been introduced for the development, management and promotion of the ship-building Industry in Bangladesh to ensure sustainable development of the shipping industry, increase export earnings & employment and gradually reduce import dependence. Arief Hossain Khan, Director, Department of Offsite Supervision, BB; and Selim R. F. Hussain, Managing Director & CEO, BRAC Bank; signed the agreement at a ceremony at BB Head Office in Dhaka on January 25, 2023 in presence of A.K.M Sajedur Rahman Khan, Deputy Governor, Bangladesh Bank. Md. Anwarul Islam, Executive Director, Bangladesh Bank; Tareq Refat Ullah Khan, Deputy Managing Director & Head of Corporate Banking, BRAC Bank; were also present.
