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BB, Islami Bank sign Tk 3,000cr refinancing agreement
Bangladesh Bank and Islami Bank Bangladesh PLC have signed a Tk 3,000 crore refinancing agreement aimed at building an effective and dynamic agriculture value chain across the country.
The primary objective of the scheme is to boost agricultural production, preservation, processing, marketing, and supply chain development, while generating rural employment.
The agreement was signed at the head office of Bangladesh Bank on Monday in the presence of central bank Deputy Governor Dr Md Kabir Ahamed, and Chief Spokesperson and Executive Director Arief Hossain Khan, according to a press release.
BB Agricultural Credit Department-2 Director AKM Saiduzzaman and Senior Executive Vice President & Head of Retail Investment Wing at Islami Bank Abu Sayeed Md Idris signed the agreement on behalf of their respective institutions.
Additional Directors of Bangladesh Bank Zoynal Abedin and Sakhawat Hossain, alongside Head of Islami Bank's Agricultural Investment Division Mohammad Aman Ullah and other senior executives and officials from both organisations were present at the event, reports UNB.