Mercantile Bank signs participation agreement with Bangladesh Bank
Mercantile Bank Limited recently signed a participation agreement with the Bangladesh Bank to avail refinance fund for the upgradation of export-oriented industries.
Under this agreement, Bangladesh Bank will provide refinance to Mercantile Bank for extending its exporting customer term loan in BDT to procure machinery for the upgradation to most preferred sectors and special development sectors under Export Policy 2018-2021, reads a press release.
Khondkar Morshed Millat, general manager at Sustainable Finance Department of Bangladesh Bank and Md Quamrul Islam Chowdhury, managing director and CEO of Mercantile Bank signed the agreement on behalf of their respective organization.
Ahmed Jamal, deputy governor at Bangladesh Bank; Md Shafiqul Islam, executive director at Bangladesh Bank; Shamim Ahmed, DMD and CAMLCO at Mercantile Bank and other high officials from both the institutions were also present on the occasion.