Export-oriented industries will be able to access financing at a concessional interest rate of 7 per cent per annum from Modhumoti Bank PLC under Bangladesh Bank’s (BB) Tk3,000 crore Export Diversification Refinance Scheme.
Modhumoti Bank MD Md Shafiul Azam and BB Sustainable Finance Department Director A K M Nurunnabi signed the agreement on behalf of their respective organisations at the Head Office of Bangladesh Bank on Tuesday.
Under the agreement, Modhumoti Bank will extend financing facilities to export-oriented industries under the refinance scheme, which is intended to contribute to export diversification, said a press release on Wednesday.
