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Premier Bank signs deal with SME Foundation

  • Staff Correspondent
  • 4 August, 2022 12:00 AM
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Premier Bank signs deal with SME Foundation
Premier Bank Deputy Managing Director Syed Nowsher Ali and SME Foundation Managing Director Md Mafizur Rahman exchange documents after signing an agreement at a hotel in the capital recently.

Premier Bank has signed an agreement with SME Foundation to receive fund under the stimulus package for distributing among CMS entrepreneurs.

Syed Nowsher Ali, Deputy Managing Director, Premier Bank Limited, and Md Mafizur Rahman, Managing Director of SME Foundation, signed the agreement on behalf of their respective organisations at a hotel in the capital recently, said a press release.

Sheikh Mohammad Salim Ullah, Secretary of Financial Institutions Division (FID), Ministry of Finance, Dr Md Masudur Rahman, Chairman, SME Foundation, Mohammed Emtiaz Uddin, SEVP and Head of SME and Agriculture Banking Division of Premier Bank Limited and senior officials from other partner banks and NBFI's were present.

Under the agreement, Premier Bank will disburse the allotted fund at 4 percent interest to CMS entrepreneurs across the country.