Standard Bank signed a participation agreement with Bangladesh Bank recently at the Jahangir Alam Conference Hall of Bangladesh Bank Head Office.
The agreement was signed regarding Export Facilitation Pre-Financing Fund (EFPF) of Tk 100 billion for exporters to continue the development and expansion of export-oriented industries. Under this fund, exporters will be able to take loans at 4.0 per cent interest against purchase or import of raw materials in local currency. The loan tenure will be 180 days.
In presence of Mr Abdur Rouf Talukder, governor of Bangladesh Bank; Additional Managing Director of Standard Bank Mr Md Touhidul Alam Khan, FCMA and Director (BRPD) of Bangladesh Bank Ms. Maksuda Begum signed the agreement on behalf of their respective organisations.
Among others, Deputy Governor Mr Abu Farah Md. Nasser and Executive Director Ms Nurun Nahar of Bangladesh Bank were present at the moment.
