Bangladesh Bank has released a loan of Tk 3,000 crore at a low interest rate for the state-owned investment institution Investment Corporation of Bangladesh (ICB) to increase its own investment capacity, including investment in the capital market and repayment of high-interest deposits.
It is learned that in addition to repaying the loan taken at 4 percent interest, this money will be used to invest in good shares in the capital market. ICB will get one and a half years or 18 months to repay the interest-based loan. The government has guaranteed this loan.
Bangladesh Bank will provide this money to ICB through 4 banks. Of this, Tk 7 billion through Dutch Bangla Bank, Tk 1 billion through Prime Bank, Tk 5 billion through Dhaka Bank, and Tk 8 billion through Mercantile Bank.
This information was disclosed by Bangladesh Bank sources on Monday (December 9).
