Mohammad Mamdudur Rashid, Managing Director & CEO of UCB, and Md. Iqbal Mohasin, Director of the Financial Inclusion Department at Bangladesh Bank, signed an agreement under the 'Digital Nano Loan' refinance scheme at the head office of Bangladesh Bank recently. United Commercial Bank PLC (UCB) has recently signed an agreement with Bangladesh Bank under the 'Digital Nano Loan' refinance scheme.
Under the agreement, UCB will utilize Bangladesh Bank's refinance facility to disburse Digital Nano Loan at lower interest rate through a technology-driven process, creating new opportunities for people who remain outside the reach of conventional financial services. The initiative seeks to ensure fast, transparent, and easily accessible loan services through digital platforms, says a press release.
The signing ceremony was held at the head office of Bangladesh Bank, where Mohammad Mamdudur Rashid, Managing Director & CEO of UCB, and Md. Iqbal Mohasin, Director of the Financial Inclusion Department at Bangladesh Bank, signed the agreement on behalf of their respective organisations.
Deputy Governor of Bangladesh Bank Dr. Md. Habibur Rahman, along with Rup Ratan Pine, Executive Director of Bangladesh Bank, and other senior officials from both organisations, attended the event.
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