Midland Bank signs refinance agreement with BB for cluster financing -

Midland Bank signs refinance agreement with BB for cluster financing

Midland Bank PLC has recently signed a refinance participation agreement with Bangladesh Bank at its office to implement the BDT 30.00 billion Cluster Financing Scheme and the BDT 15.00 billion Financial Sector Fund for the development of Micro, Small, and Medium Enterprises (FSFDMSME). The initiative aims to promote entrepreneurship and support the sustainable growth of cluster-based and CMSME enterprises across Bangladesh. Nurun Nahar, Deputy Governor of Bangladesh Bank, attended the event as the chief guest. Nawshad Mustafa, Director of SMESPD of Bangladesh Bank, and Imtiaz U. Ahmed, Managing Director & CEO of Midland Bank, signed the agreement on behalf of their respective organisations.