NBL signs export fund deal with BB

National Bank Limited signed a participation agreement with Bangladesh Bank in the Tk 10,000 crore export support pre-financing fund formed by Bangladesh Bank on January 30, 2023, a press release said Wednesday. The agreement was signed on behalf of Bangladesh Bank by Maksuda Begum, Director of Banking Regulations and Policy Department and Syed Rois Uddin, Managing Director (Current Charge) of National Bank. BB Governor Abdur Rouf Talukder was present at the event. Direct and indirect exporters will have the opportunity to take loans in local currency against the purchase or import of raw materials at only 4 percent interest from this fund, which will be for a period of 180 days. Bank-level interest rate will be 1.5 percent.