Mercantile Bank signs deal with Bangladesh Bank

FE Team | Published: February 28, 2021 23:02:35

Mercantile Bank Limited recently signed a participation agreement with Bangladesh Bank to avail refinance fund for technology development/upgradation of export oriented industries. Khondkar Morshed Millat, General Manager, Sustainable Finance Department of Bangladesh Bank and Md. Quamrul Islam Chowdhury (right-sitting), Managing Director and CEO of Mercantile Bank Limited, exchanged the agreement after signing on behalf of their respective organisations.

Mercantile Bank Limited recently signed a participation agreement with Bangladesh Bank to avail refinance fund for technology development/upgradation of export oriented industries. Under the agreement, Bangladesh Bank will provide refinance to Mercantile Bank for extending its exporting customer Term Loan in BDT to procure machinery/technology for technology development/ upgradation to most preferred sectors and special development sectors under Export Policy 2018-2021. Khondkar Morshed Millat, General Manager, Sustainable Finance Department of Bangladesh Bank and Md. Quamrul Islam Chowdhury, Managing Director and CEO of Mercantile Bank Limited signed the agreement on behalf of their respective organisations. Ahmed Jamal, Deputy Governor, Bangladesh Bank, Md. Shafiqul Islam, Executive Director, Bangladesh Bank, Shamim Ahmed, DMD and CAMLCO, Mercantile Bank and other high officials from both the institutions were also present on the occasion.
— Statement