MTB signs deal with BB

Staff Correspondent

10 March, 2021 12:00 AM printer

MTB signs deal with BB

Bangladesh Bank Executive Director Md Shahidul Islam and Mutual Trust Bank Managing Director and CEO Syed Mahbubur Rahman are seen at an agreement signing ceremony at Bangladesh Bank in the capital recently.

Mutual Trust Bank Limited (MTB) signed a participating agreement with Bangladesh Bank for technology development fund.

The Bangladesh Bank has established a refinance scheme of Tk 1,000 crore, said a press release.

 Under the agreement, the PFIs will be provided with refinance facility from Bangladesh Bank against disbursement of term loan in favouring its client to procure machinery for the modernisation and technological development of export oriented industries.

A signing ceremony between commercial banks and Non-Bank Financial Institutions (NBFIs) and Bangladesh Bank (BB) was held at Bangladesh Bank in the capital.

A total of 9 banks and 5 NBFIs signed the agreement under this project.

Ahmed Jamal, Deputy Governor, Bangladesh Bank was present in the closing ceremony.

Md Shahidul Islam, Executive Director and Khondkar Morshed Millat, General Manager, Sustainable Finance Department from Bangladesh Bank and Syed Mahbubur Rahman, Managing Director and CEO and Md. Ehethesham Rahman, Head of Structured Finance and Corporate Business Unit-6 from MTB, Managing Directors and CEOs of participating banks and NBFIs and other senior officials from Bangladesh Bank, banks and NBFIs were present.