BM Desk

To support safety retrofits and environmental compliance in the Bangladeshi RMG sector, Bangladesh Bank is giving Al-Arafah Islami Bank Ltd. (AIBL) a pre-financing facility, according to a press release.

Al-Arafah Islami Bank Ltd. (AIBL) signed this Participating Financing Institution (PFI) agreement with Bangladesh Bank on Wednesday at Bangladesh Bank Head Office to avail pre-financing under the project “Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG Sector Project (SREUP)”. 

Bangladesh Bank Deputy Governor Abu Farah Md. Naser was present as the chief guest in the program. Managing Director and CEO of AIBL, Farman R. Chowdhury, and Director of SME and Special Program Department, Moni Sankar Kundu, signed the agreement on behalf of their respective organizations.

Among others, Executive Director of Bangladesh Bank Dr. Md. Kabir Ahmed, Additional Director Naushad Mostafa, Deputy Managing Director of AIBL Abdullah Al Mamun, Senior Executive Vice President Md. Obaidul Islam, and Senior Vice President Monir Ahmed were present on the occasion.