Shimanto Bank signs refinancing agreements with Bangladesh Bank

Shimanto Bank signs refinancing agreements with Bangladesh Bank

Shimanto Bank PLC has recently signed Participation Agreements with Bangladesh Bank under the Cluster Financing Scheme and the FSFDMSME Refinancing Scheme through the SME & Special Programs Department (SMESPD) to strengthen financing support for Cottage, Micro, Small and Medium Enterprises (CMSMEs) across the country. The programme was chaired by Nurun Nahar, Deputy Governor, BB. Md. Nurul Azim, Managing Director & CEO of Shimanto Bank, and Nawshad Mustafa, Director of SMESPD, BB, signed the agreement at BB head office in Dhaka. Under the schemes, CMSME customers will be able to avail financing facilities at a concessional interest rate of 7 per cent per annum.