IPDC signs refinance deal with BB

IPDC Finance has signed an agreement with Bangladesh Bank (BB) to avail its refinance facility for lending to Cottage, Micro, Small and Medium Enterprises (CMSMEs), a press release said Thursday. Governor of Bangladesh Bank, Abdur Rouf  Talukder; Md. Jaker Hossain, director, SME & Special programmes department of BB and Mominul Islam, MD and CEO of IPDC Finance signed the agreement on behalf of their respective organizations. A total fund of Tk 25,000 crore will be disbursed to CMSMEs for a tenure of up to 5 years at maximum 7 percent interest rate. Abu Farah Md. Nasser, Deputy Governor, BB; Md. Obaidul Hoque, executive director, BB; Mohammad Mahmudur Rahman, head of SME, IPDC Finance were also present.