Business Desk : dhakamirror.com
Midland Bank Ltd recently signed a participation agreement with the Financial Sector Support and Strategic Planning Department (FSSSPD) of the Bangladesh Bank for availing refinance facility in US dollars.
Liza Fahmida, director of the BB department, and Md Ahsan-uz Zaman, managing director of Midland Bank, inked the deal at the BB headquarters in Motijheel, said a press release.
Under this agreement, exporters, enterprises and other manufacturing industries in the country may avail refinance funds for supporting their business.
The fund will be provided under the Bangladesh Bank–Long Term Financing Facility (BB-LTFF) for facilitating long term financing for firms, mainly the export-oriented manufacturing industries.
Among others, Nurun Nahar, deputy governor of the BB, Md Abul Bashar, executive director of the FSSSPD, and Md Zahid Hossain, deputy managing director of Midland Bank, were present. – Press release
