Shimanto Bank has recently signed an agreement with Bangladesh Bank to participate in Export Facilitation Pre-financing Fund of TK 100.00 billion.
The agreement was signed in the presence of Mr Md. Ali Akbar Faraji, Director (BRPD), Division-1, Mr Mohammad Ebrahim Bhuiyan, Director (EFPFIM) of Bangladesh Bank, and Managing Director and Chief Executive Officer of Shimanto Bank Mr Rafiqul Islam, according to a press release.
Officials from BRPD, Bangladesh Bank and related Division of Shimanto Bank were present in the programme.
The central bank has formed a fund of Tk 100.00 billion to continue the ongoing trend of development and expansion of export-oriented industries. Direct and indirect exporters can take loans in local currency against purchase or import of raw materials from this fund under specific terms and conditions.
