In a bid to increase exports, a refinancing fund of Tk1000 crore has been set up by Bangladesh Bank for further modernisation and technological advancement of the export oriented industry.
Under this fund, the central bank signed agreements with 12 banks, including Agrani Bank Limited, and two financial institutions as participatory financial institutions on Thursday at its Jahangir Alam Conference Room, reads a press release.
Mohammad Shams-ul Islam, managing director and CEO of Agrani Bank and Khandaker Morshed Millat, general manager, Sustainable Finance Division of Bangladesh Bank signed the agreement on behalf of their respective organisations, it added.
Deputy Governor of Bangladesh Bank Abu Farah Md Nasser was present as the chief guest at the signing ceremony.
Abdullah Al Mamun, general manager (credit) of the Agrani Bank and Nurun Nahar, executive director of the Bangladesh Bank were present on the occasion.
Speaking as the chief guest, Naser lauded and congratulated Agrani Bank for being the first in green financing.
The agreements are expected to boost export earnings to $60 billion by 2021.