PRIME BANK, BB INK DEAL for REFINANCE FACILITY FOR DIGITAL NANO LOANS

Prime Bank has signed an agreement with the Bangladesh Bank (BB) to avail of the central bank's refinance facility for digital nano loans. The signing ceremony took place at the Bangladesh Bank office recently. This initiative marks a significant step toward expanding access to affordable, digital credit facilities for underserved and unbanked segments of society, in line with the government's and Bangladesh Bank's vision of building a cashless Bangladesh. Through this refinance scheme, Prime Bank will be able to offer fully digital loans to eligible customers at a lower interest rate, making small-scale credit more accessible, affordable and convenient for individuals across the country. The agreement was signed by Prime Bank CEO Hassan O. Rashid and Bangladesh Bank's Financial Inclusion Department Director Iqbal Mohasin.