Midland Bank signs participation deal for GTF, TDF

Staff Correspondent

14 April, 2021 12:00 AM printer

Midland Bank signs participation deal for GTF, TDF

Bangladesh Bank Sustainable Finance Department General Manager Khondkar Morshed Millat and Midland Bank Managing Director and CEO Md Ahsan-uz Zaman are seen at an agreement signing ceremony in the capital recently.

Midland Bank Limited signed participation agreements for Green Transformation Fund (GTF) and Technology Development Fund (TDF) with Sustainable Finance Department of Bangladesh Bank recently.

Under the schemes, as Authorized Dealer (AD) MDB shall be eligible to access low cost financing to invest in export oriented businesses related to green initiatives and enterprises associated with technological development or upgradation with a view to enhancing competitive capacity and sustainability across the industries in Bangladesh, said a press release.

Khondkar Morshed Millat, General Manager from SFD presided over the event. Md. Ahsan-uz Zaman, Managing Director and CEO, signed the participation agreement on behalf of MDB.

Md. Zahid Hossain, Deputy Managing Director and CRO, Mohd. Javed Tarek Khan, Head of Institutional Banking Division, Mostofa Sarwar, Head of Credit Risk Management Division and Md. Shafiqul Islam, Head of Structured Finance were also present during the signing ceremony.

From Bangladesh Bank, Chowdhury Liakat Ali, Deputy General Manager, Mohammad Zakir Hossain, Joint Director and Md. Abu Rayhan, Deputy Director were also present.