Community Bank signs deal with BB on TDF Refinancing Scheme

Community Bank Bangladesh PLC has signed a Participatory Agreement with the Sustainable Finance Department of Bangladesh Bank to facilitate access to concessional financing under the Technology Development Fund (TDF) Refinancing Scheme.
The agreement aims to support technology upgradation, innovation and sustainable industrial development, particularly for export-oriented and import-substituting industries. Under the TDF Refinancing Scheme, eligible enterprises will be able to avail long-term financing at a reduced interest rate through participating financial institutions, says a press release.
The agreement was signed and exchanged at the Sustainable Finance Division of Bangladesh Bank. Chowdhury Liakat Ali, Director, Sustainable Finance Department of Bangladesh Bank, and Kimiwa Saddat, Managing Director (Current Charge) of Community Bank Bangladesh PLC., signed the agreement on behalf of their respective organizations.
Also present at the signing ceremony were Mohammad Abu Alam Mohasin, Additional Director and Sazib Kumar Das, Joint Director of the Sustainable Finance Department of Bangladesh Bank, along with Hossain-Al-Safeer Chowdhury, Head of SME, and Mr Sharif Hasan Mamun, Head of Agriculture of Community Bank Bangladesh and other senior officials of Bangladesh Bank.