ONE Bank signs participation deal with Bangladesh Bank
Thursday, 4 November 2010
FE Report
A participation agreement was signed between ONE Bank Limited and Bangladesh Bank for availing refinance facilities under rural-based Agri product processing industries, said a press release.
ONE Bank Managing Director (Current Charge) Arif Quadri and Bangladesh Bank General Manager (SME and Special Programme Department) Sukamal Sinha Choudhury signed the agreement on behalf of their respective organisations in the city Tuesday.
So far 14 banks and 15 non banking financial institutions have signed participation agreement with Bangladesh Bank under the scheme.
Bangladesh Bank has already disbursed Tk 1.0 billion under the refinance scheme for establishing rural-based Agri product processing industries.
At the moment, the balance in the revolving fund is Tk 779.1 million.
High officials of both the banks were present at the signing ceremony.
A participation agreement was signed between ONE Bank Limited and Bangladesh Bank for availing refinance facilities under rural-based Agri product processing industries, said a press release.
ONE Bank Managing Director (Current Charge) Arif Quadri and Bangladesh Bank General Manager (SME and Special Programme Department) Sukamal Sinha Choudhury signed the agreement on behalf of their respective organisations in the city Tuesday.
So far 14 banks and 15 non banking financial institutions have signed participation agreement with Bangladesh Bank under the scheme.
Bangladesh Bank has already disbursed Tk 1.0 billion under the refinance scheme for establishing rural-based Agri product processing industries.
At the moment, the balance in the revolving fund is Tk 779.1 million.
High officials of both the banks were present at the signing ceremony.