NCC Bank Ltd. has signed a ‘Participatory Agreement’ with Bangladesh Bank recently to disburse loans to exporters from newly formed Tk. 100.00 billion Export Facilitation Pre-finance Fund (EFPF) of the central bank.
Under this agreement, exporters will be able to avail the loans in local currency from NCC Bank against the purchase or import of raw materials at a maximum rate of 4 per cent, according to a press release.
Abdur Rouf Talukder, Governor of Bangladesh Bank, exchanged agreement documents to Mohammad Mamdudur Rashid, Managing Director and CEO of NCC Bank, at Bangladesh Bank Head Office.
Meanwhile, Bangladesh Bank’s Deputy Governor Abu Farah Md. Naser and other high officials of Bangladesh Bank were also present on the occasion.
