Some 12 banks and two non-bank financial initiations have joined a Tk 10 billion specialised fund created by Bangladesh Bank (BB) to enhance the competitive capacity and sustainability of export-oriented industries.
The fund titled ‘Technology Development Fund (TDF)’ was established in line with the Export Policy 2018-21.Earlier in February, Bangladesh Bank signed agreements with nine banks and five financial institutions (FIs) for the refinance fund.
BB Deputy Governor Abu Farah Md. Nasser was the chief guest at the signing ceremony of the participation agreement with 12 banks and 2 financial institutions at BB headquarters in the capital’s Motijheel on Thursday.
Executive Director Nurun Nahar and General Manager Khondkar Morshed Millat were also present at the signing ceremony organized by Sustainable Finance Department.
Khondkar Morshed Millat signed the agreement on behalf of Bangladesh Bank. Other signatories of the agreements are Agrani Bank Managing Director Mohammad Shams-Ul Islam, Bank Asia Managing Director Arfan Ali, Dhaka Bank Managing Director Emranul Huq, Modhumoti Bank Managing Director Shafiul Azam, NCC Bank Managing Director Mohammad Mamdudur Rashid, One Bank CEO Fakhrul Alam, NRBC Managing Director Mukhter Hossain, Standard Bank Managing Director Khondoker Rashed Maqsood, Uttara Bank Managing Director Mohammed Rabiul Hossain, Trust Bank Managing Director Humaira Azam, UCB Managing Director Mohammed Shawkat Jamil, Prime Bank Managing Director Hassan O. Rashid, Lankabangla Finance Managing Director Khwaja Shahria and Lankan Alliance Finance CEO Kanti Kumar Saha.