Standard Bank works for credit card, women entrepreneurs’ loan

Last updated: November 27, 2015

Dhaka, Bangladesh (BBN) – Standard Bank Ltd is working to highlight its credit card at the Banking Fair Bangladesh-2015 to encourage clients to enjoy the facility.

The clients will not require providing any issuance fee to hold the credit card and also enjoy two free cheque books, Syeda Sultana Banu, a senior officer of Standard Bank, told the BBN during the ongoing fair.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

The clients, however, will have to submit one per cent cheque processing fee to use the credit card, Mrs Banu said.

During the fair, the bank is also popularising the women entrepreneur loan in a bid to speed up the country’s SME sector.

The women entrepreneurs will be allowed to get maximum BDT 10 lakh loan with an interest rate of 10 per cent.

They do not have to provide any collateral securities in line with Bangladesh Bank refinance scheme’s rules and regulation.

The product will play a role in increasing the empowerment of the women.

BBN/RZ/ANS

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