BB, BD Finance sign deal to broaden green financing

Bangladesh Bank (BB) and Bangladesh Finance and Investment Company Limited (BD Finance) signed a participation agreement at BB headquarters in the capital recently.

The agreement was signed under a Refinance Scheme to broaden the financing avenue for green products, according to a statement.

General Manager, Sustainable Finance Department, Bangladesh Bank Manoj Kumar Biswas and Managing Director & CEO of BD Finance Tarik Morshed signed the agreement as a participatory financial institution (PFI) on behalf of their respective organisations.

Under the agreement, BD Finance can utilize this fund for financing in eight sectors of green products including renewable energy, energy efficiency, solid waste management, alternative energy, fire burnt brick, non fire block brick, recycling & recyclable product, green industry, safety and security of factor.

Mr. Robin Kumar Pal, Deputy General Manager, Rabeya Khandaker, Joint Director of Bangladesh Bank and Mohammad Abu Rashed Nowab, Vice President & head of CRM, Md. Sajjadur Rahman Bhuiyan, CFO, Mohammed Amranul Hoq, Head of SME & Green Financing of BD Finance were also present in the ceremony.