NRB Bank signs three participation agreements with Bangladesh Bank

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NRB Bank PLC has signed three participation agreements with the Sustainable Finance Department of Bangladesh Bank under the “BDT 3,000 crore Refinance Scheme for Export Diversification Refinance Scheme”, “BDT 1,000 crore Refinance Scheme for Green Factory Building & Green Industry” and “BDT 1,000 crore Refinance Scheme for the Development of ICT Sector”.

These agreements will enable NRB Bank PLC to facilitate financing for export-oriented industries under Export Policy 2024-2027 (Highest Priority Sectors and Special Development Sectors), eligible green factory buildings, green industries, and ICT-sector initiatives in accordance with the respective Bangladesh Bank refinance schemes, according to a media release.

A K M Nurunnabi, Director, Sustainable Finance Department and Tarek Reaz Khan, Managing Director & CEO of NRB Bank PLC has signed the agreements on behalf of their respective organizations.

M. Rashidul Huda, Deputy Managing Director, NRB Bank PLC and other senior officials of both organizations were also present in the signing ceremony.

Source: The Business Standard