BRAC Bank to provide banking services to internet service providers

BRAC Bank Limited and Internet Service Providers Association of Bangladesh (ISPAB) have joined hands to facilitate financing for entrepreneurs in internet service.

Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, BRAC Bank; and Md Emdadul Hoque, President, ISPAB; signed an agreement to this effect at the bank’s head office in Dhaka on Wednesday.

The partnership of the two organizations will enable easy access to finance to internet service providing companies as they strive for market expansion across the country.

It will be a boost for the country’s ISP sector as eligible members of ISPAB can now avail collateral-free loan through the bank’s One-Stop-Service and transaction solutions from BRAC Bank.