BM Desk:

The Premier Bank Limited signed a Participation Agreement with the Financial Sector Support and Strategic Planning Department (FSSSPD) of the Bangladesh Bank for availing of a refinance facility in US dollars recently.

The fund will be provided under “Bangladesh Bank—Long Term Financing Facility (BB-LTFF)” for facilitating long-term financing for firms, mainly the export-oriented manufacturing industries. Under this agreement, exporters, enterprises, and other manufacturing industries in the country may avail of refinance funds to support their businesses.

In the presence of Nurun Nahar, Deputy Governor of Bangladesh Bank, Liza Fahmida, Director, Financial Sector Support and Strategic Planning Department (FSSSPD), Bangladesh Bank, and Rezaul Karim, Managing Director and CEO of The Premier Bank Limited, they signed the agreement on behalf of the respective organizations. Touhidul Alam Khan, Additional Managing Director and Chief Credit Officer of Premier Bank, along with high officials from both organizations, were also present at the agreement signing ceremony.