NCC Bank PLLC will provide financing for ICT-driven initiatives under Bangladesh Bank’s (BB) “Refinance Scheme for Development of the Information and Communication Technology Sector”, following one of two recent agreements signed with the central bank.
Each scheme has a fund size of Tk1,000 crore. The second agreement covers the “Refinance Scheme for Green Factory Building and Green Industry Sector”.
The financing will also support the construction of green factories, environment-friendly industrial infrastructure and various ICT-driven initiatives. For NCC Bank, the arrangement expands the scope of sustainable financing and links financing with goals to reduce carbon emissions and lower the industrial sector’s carbon footprint.
NCC Bank MD M Shamsul Arefin and BB Sustainable Finance Department Director A K M Nurunnabi signed the agreements on behalf of their respective institutions at BB head office, said a press release on Thursday.
NCC Bank EVP and Head of Sustainable & Women’s Banking Nighat Mumtaz and relevant senior officials of both institutions were present at the programme.
