IFIC bank signs deal with BB for frozen food export financing

IFIC Bank PLC has signed an agreement with Bangladesh Bank to participate in the central bank’s Tk2,000 crore pre-financing fund for the export-oriented frozen food sector.
The agreement was signed at the central bank’s head office in Dhaka on Sunday. Arief Hossain Khan, executive director of Bangladesh Bank, attended the ceremony as the chief guest, according to a press release.
A K M Sayduzzaman, director of the Agricultural Credit Department-2 of Bangladesh Bank, presided over the ceremony. Helal Ahmed, chief of branch business, and Fariha Haider, head of SME and retail banking (Current Charge), represented IFIC Bank.
The fund has been established to provide financing facilities to businesses engaged in the export-oriented frozen food sector, with the aim of supporting production and export activities.