Bangladesh Bank signs deal with Dhaka Bank, Prime Bank

Bangladesh Bank and Dhaka Bank Limited have signed an agreement at Bangladesh Bank premises recently.

Emranul Huq, Managing Director & CEO, Dhaka Bank Limited, and Md. Abdul Mannan, General Manager and Project Director, Bangladesh Bank, on behalf of their respective organisations exchanged documents after signing the agreement, according to statements.

Under this agreement as PFI (Participating Financial Institution), Dhaka Bank Limited will support the programme of Safety, Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garment (RMG) Sector Project (SREUP).

Abu Farah Md. Nasser, Executive Director of Bangladesh Bank, was present as the chief guest.

Mohammad Abu Jafar, Deputy Managing Director, Mukarram Hossain Chowdhury, SEVP & Head of RMG Division of Dhaka Bank Limited, and M. Abdullah Muktadir, Deputy Director, SREUP PMU of Bangladesh Bank, were also present in the signing ceremony.

Meanwhile, Prime Bank has signed a Participating Financing Institution (PFI) agreement with Bangladesh Bank to avail pre-financing under the project "Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG sector Project (SREUP)".

Md. Abdul Mannan, General Manager and Project Director (SREUP) of Bangladesh Bank, and Faisal Rahman, Managing Director and CEO (Current Charge) of Prime Bank, signed the agreement on behalf of the their respective organisations at Jahangir Alam Conference Hall, Bangladesh Bank recently.

Abu Farah Md. Naser, Executive Director of Bangladesh Bank, was the chief guest at the signing ceremony.

The project is being implemented under SME and Special Programmes Department (SMESPD) of Bangladesh Bank with Euro 50 million loan fund and Euro 14.29 million grant facilities from AFD, France and other developing partners to provide financial and technical support to readymade garments (RMG) factories for safety and environmental upgrades.