Premier Bank signs PFI agreement with Bangladesh Bank for RMG Finance


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Premier Bank signs PFI agreement with Bangladesh Bank for RMG Finance

BM Desk: 

Premier Bank Limited signed a Participating Financial Institution (PFI) agreement with the Bangladesh Bank recently to avail pre-financing under the program ‘Support Safety Retrofits and Environmental Upgrades’ in the Bangladeshi RMG Sector Project (SREUP).

Abu Farah Md. Nasser, Deputy Governor of Bangladesh Bank, was the chief guest at the ceremony.

Moni Shankar Kundu, Director and Project Director (SREUP) of the Bangladesh Bank, and Md. Reazul Karim, FCMA, Managing Director and CEO of The Premier Bank Limited, signed the agreement on behalf of their respective organizations.

Among others: Executive Director of Bangladesh Bank, Dr. Kabir Ahmed; Nawshad Mustafa; Additional Director and Deputy Project Director of SREUP under Bangladesh Bank; Md. Touhidul Alam Khan; FCMA, CSRA; Additional Managing Director; EVP & Head of Brand Marketing & Communications, Md. Tareq Uddin; EVP & Head of CRM-RMG & OBU Muhammad Sohel Shahriar Akhand of Premier Bank attended the ceremony.

The Support Safety Retrofits and Environmental Upgrades (SREUP) project is implemented under the SME and Special Programs Department of Bangladesh Bank to provide financial and technical support to ready-made garment factories for safety and environmental upgrades.


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