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,
Tag: Bangladesh Bank
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,
BB Reserve Heist: RCBC appeals New York court loss to Bangladesh
A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank's motion to throw out the Bangladesh central bank's lawsuit against it, sources said.In February 2016, unidentified hackers used fraudulent orders on the SWIFT payments system
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
BB, BRAC Bank to provide loans to farmers
Bangladesh Bank and BRAC Bank have signed an agreement to provide loans under refinancing facilities to the farmers, a press release said Saturday. BB has set up a fund titled ‘Refinance Scheme to ensure Food Security’ amounting to Tk 5,000 crore to be disbursed through the participating banks. Abdur Rouf
BB set to announce new monetary policy
Bangladesh Bank (BB) is going to announce a new monetary policy on Sunday in line with the advice of the International Monetary Fund (IMF).Bangladesh requested the IMF for a loan of $4.5 billion last July, and the global lending agency agreed to give it to Bangladesh subject to conditions.Before lending,