Dhaka, Bangladesh (BBN) – The central bank of Bangladesh has signed separate agreements with 10 more private commercial banks (PCBs) to disburse fund for boosting export-oriented manufacturing industries.
Under the deals, the 10 PCBs – Al-Arafah Islami Bank Limited, Bank Asia Limited, Exim Bank Limited, Modhumoti Bank Limited, Mutual Trust Bank Limited, NCC Bank Limited, NRB Bank Limited, Dhaka Bank Limited, South Bangla Agriculture and Commerce Bank Limited and Trust Bank Limited – are allowed to provide the long-term financing for transforming the export-oriented industries into green industries.
The Bangladesh Bank (BB) earlier launched a fund worth US$200 million for a long-term financing under the “Green Transformation Fund for Export-oriented Textile and Textile Products and Leather Manufacturing Industries”.
BB’s Deputy Governor Shitangshu Kumar Sur Chowdhury presided over the agreement signing ceremony while general manager of Sustainable Finance Department Manoj Kumar Biswas, chief executives of related banks and senior officials of the central bank were present.
Earlier the BB had signed similar agreements with six other PCBs.
The banks include Eastern Bank Limited, Jamuna Bank Limited, Mercantile Bank Limited, Prime Bank Limited, Shahjalal Islami Bank Limited and South East Bank Limited.