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

IBBL signs export fund deal with BB

Islami Bank Bangladesh Limited signed an agreement with the Bangladesh Bank for receiving 'Export Facilitation Pre-finance Fund' under the Islamic Shari'ah-compliant Restricted Mudaraba system, a press release said Wednesday. BB formed a fund of Tk 10,000 crore with the aim of continuing the ongoing development and expansion of export-oriented industries

Union Bank signs deal with BB

Union Bank Limited has signed an agreement with Bangladesh Bank to participate in the Export Facilitation Pre-Finance Fund (EFPF) of Tk.100 billion formed by BB, a press release said Tuesday. Governor of BB, Abdur Rouf Talukder, MD and CEO of Union Bank, A. B. M. Mokammel Hoque Chowdhury, and director,

BRAC Bank signs deal with BB

BRAC Bank has signed a participation agreement with Bangladesh Bank (BB) to avail Export Facilitation Pre-finance Fund (EFPF), a press release said Tuesday. BB has formed Tk 10,000 crore EFPF fund for exporters to continue developing and expanding export-oriented industries. BB Governor, Abdur Rouf Talukder, handed over the agreement document

EBL signs participation deal with BB

Eastern Bank Limited (EBL) has signed an agreement with Bangladesh Bank for participation in Export Facilitation Pre-finance Fund worth Tk 10,000 crore, a press release said Tuesday. Ahmed Shaheen, AMD, EBL, and Abdur Rouf Talukder, Governor, BB, signed the agreement on January 30, 2023 at the central bank.  

49 banks ink export facilitation deal with BB

Forty-nine commercial banks have signed "Participation Agreements" with the Bangladesh Bank (BB) to be a part of the Export Facilitation Pre-finance Fund (EFPF) of Tk10,000 crore. The central bank formed the EFPF fund for exporters to continue the development and expansion of export-oriented industries. Under this fund, exporters will be

BGCB signs refinance deal with BB

Bengal Commercial Bank (BGCB) has signed an agreement with Bangladesh Bank recently under Tk 5000 crore refinance scheme for providing Agri loans to assure food security in Bangladesh, a press release said Monday. BGCB will provide Agri Loan to the clients at 4 percent interest rate, under the scheme.BB Governor,

Permier Bank signs deal with BB

Premier Bank Limited has signed a refinance agreement with Bangladesh Bank against ‘refinance scheme for TK 5000 crore for the agriculture sector,’ a press release said Tuesday. MD and CEO of Premier Bank, M. Reazul Karim, and BB Governor Abdur Rouf Talukder, deputy Governor AKM Sajedur Rahman Khan, and director

BB unveils cautious monetary policy

Bangladesh Bank (BB) Sunday announced ‘cautiously accommodative’ Monetary Policy Statement (MPS) for the second half of the current fiscal year 2022-23 (H2FY23).“BB’s monetary and credit programs for H2FY23 will pursue a cautiously accommodative policy stance to contain inflationary and exchange rate pressures, support desired economic growth, ensuring the necessary flow