Pubali Bank enters Tk2,000cr green, ICT refinance schemes

Pubali Bank PLC has signed participation agreements with Bangladesh Bank (BB) to join two Tk1,000 crore refinance schemes aimed at supporting green industries and the information and communication technology (ICT) sector.

The bank joined the “Refinance Scheme for Green Factory Building and Green Industry Sector” and the “Refinance Scheme for Development of the Information and Communication Technology Sector”, each carrying a fund size of Tk1,000 crore, according to a press release.

AKM Nurunnabi, director of the Sustainable Finance Department of BB, and Mohammad Ali, managing director of Pubali Bank, signed the agreements at Bangladesh Bank’s head office recently. 

The green finance scheme is designed to expand financing for green factory buildings, green industries and other environmentally responsible industrial initiatives, supporting sustainable production and investment.

The ICT refinance scheme aims to improve the sector’s competitiveness through modern technologies, human resource development and technology-driven enterprises. Eligible areas include software development, artificial intelligence, cyber security, fintech, cloud computing, e-commerce, robotics and semiconductors.