Shimanto Bank signs LTFF agreement with Bangladesh Bank

Shimanto Bank has recently signed an agreement with Bangladesh Bank to participate in Long Term Financing Facility (LTFF) in foreign currency (USD). The agreement signing ceremony was presided over by Dr. Md. Habibur Rahman, Deputy Governor, Bangladesh Bank. Rafiqul Islam, Managing Director & CEO of Shimanto Bank, and Liza Fahmida, Director (FSSSPD), Bangladesh Bank, signed the agreement. Under this BB-LTFF on-lending/refinancing programme, Shimanto Bank will facilitate export oriented industries to establish new project and expand their existing projects. The rate of interest of this loan is low and repayment tenure is from three to ten years.