Modhumoti Bank inks deal on green banking with BB

FE Team | Published: May 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Modhumoti Bank Limited signed Participation Agreement with Bangladesh Bank for "Financing Brick Kiln Efficiency Improvement Project" Wednesday at Conference Room of Green Banking and CSR Department (GBCSRD) of Bangladesh Bank.
Mr. Abul Mansur Ahmed, General Manager and Project Director, Green Banking and CSR Department of Bangladesh Bank and Mr. Md. Mizanur Rahman, Managing Director and Chief Executive Officer of Modhumoti Bank Limited signed the agreement on behalf of their respective organizations,according to a statement issued by Modhumoti Bank Limited.
A refinance scheme namely "Financing Brick Kiln Efficiency Improvement Project", has been established in Bangladesh Bank under financing of Asian Development Bank (ADB) for reducing greenhouse gas emissions and fine particulate pollution from brick fields of the country and building environment-friendly brick field through efficiency development of brick kiln with appropriate use of energy and technology. In the scheme, total amount of loan from ADB is about BDT equivalent of USD 50.00 million.
It has two parts: Part-A: about BDT equivalent of USD 30.00 million will be provided for conversion of Fixed Chimney Kiln (FCK) to improved Zigzag Kiln and Part-B" about BDT equivalent of USD 20.00 million for establishment of new Vertical Shaft Brick Kiln (VSBK), Hybrid Hoffman Kiln (HHK) and Tunnel Kiln.
Modhumoti Bank Limited is committed to finance projects which are economically as well as socially viable. Modhumoti Bank has identified some environment friendly auto brick project and they will raise fund as Lead Arranger for these projects through syndication with the refinance from Bangladesh Bank under "Financing Brick Kiln Efficiency Improvement Project".
Mr. khandker Morshed Millat, Deputy General Manager and Deputy Project Director, Mr. Arief Hossain Khan, Deputy General Manager and Mr. Md. Tariqul Islam, Deputy Director of Bangladesh Bank and Mr. Md. Touhidul Alam Khan, Deputy Managing Director, Mr. Khondaker Rahimuzzaman, Senior Executive Vice President, Mr. Md. Shaheen Howlader, Executive Vice President and Mr. Arif Hasan Khan, Vice President of Modhumoti Bank Limited were also present on the occasion.