10 banks to disburse BB refinance loan to poor

Ten commercial banks signed a participatory agreement with the Green Banking and CSR Department of the central bank Thursday to disburse funds under a revolving re-financing scheme worth Tk 2.0 billion. Other 22 commercial banks are expected to sign the same deal with the Bangladesh Bank (BB) within the current month to expedite financial inclusion through providing loans to Tk 10 account holders. After signing the deal, the banks will be identified as participating financial institutions (PFIs) of the fund, according to the central bank officials. “We’re expecting that the banks will start disbursing the re-financing fund to Tk 10 account holders across the country shortly,” a BB senior official told the FE.