Premier Bank signs agreement with Bangladesh Bank

The Premier Bank Limited signed a participation agreement of $ 240 million with Bangladesh Bank under Small and Medium Sized Enterprise Development Project-2 (SMEDP-2) at Bangladesh Bank Head Office on Tuesday, said a press release.

Managing Director & CEO (Acting) of The Premier Bank Limited M Reazul Karim, FCMA and General Manager (FID) of Bangladesh Bank Md. Abul Bashar signed the deal on behalf of the respective organisations.

This is a re-financing project which is funded jointly by Asian Development Bank & Bangladesh Government and will be utilized for the development of SME sector in Bangladesh.

Executive Director of Bangladesh Bank Md. Abdur Rahim and other senior officials of the Premier Bank Limited were also present in the ceremony.