Prime Bank PLC will facilitate refinance-supported financing for eligible entrepreneurs investing in sustainable industrial development and ICT-related initiatives, after signing two Participation Agreements with Bangladesh Bank (BB).
The agreements cover the Refinance Scheme for Green Factory Building and Green Industry and the Refinance Scheme for Development of ICT Sector.
Under the two schemes, BB provides access to low-cost financing to support the development of green factory buildings and industries, as well as projects in the Information and Communication Technology sector. Prime Bank becomes a Participating Financial Institution under both.
Prime Bank PLC CEO Faisal Rahman and BB Sustainable Finance Department Director A K M Nurunnobi signed the agreements at a ceremony held recently at the cenbank Head Office. Senior officials from both institutions attended, said a press release on Monday.
