Dutch-Bangla Bank Limited (DBBL) PLC will be able to provide refinancing facilities to its export-oriented clients at comparatively lower interest rates under the Export Diversification Refinance Scheme.
The bank has recently signed a participatory agreement with Bangladesh Bank (BB) to access refinancing facilities under the scheme, aiming to diversify market and product concentration for strengthening the export sector of the country.
BB Sustainable Finance Department Director AKM Nurunnabi and DBBL Managing Director and CEO Md Ahteshamul Haque Khan signed the agreement on behalf of their respective organisations. Other senior officials of both the organisations were present at the signing ceremony.
The objective of this agreement is to further strengthen the country’s export sector by diversifying export products and creating new markets, said a press release on Thursday.
