Prime Bank Signs BB-LTFF Agreement with Bangladesh Bank

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Prime Bank Signs BB-LTFF Agreement with Bangladesh Bank

BM Desk:

Prime Bank signed a Participating Agreement for Bangladesh Bank’s Long Term Financing Facility (BB-LTFF) with Bangladesh Bank. Liza Fahmida, Director of Financial Sector Support and Strategic Planning Department (FSSSPD), and Hassan O. Rashid, Managing Director and CEO of Prime Bank, signed the documents on behalf of the respective organizations.

A signing ceremony was arranged on Tuesday at the Jahangir Alam Conference Hall of Bangladesh Bank on the occasion, where Deputy Governor Nurun Nahar, Abul Bashar, Executive Director, Liza Fahmida, Director, Firoz Mahmud Islam, Additional Director of Financial Sector Support & Strategic Planning Department of Bangladesh Bank, Shams A. Muhaimin, Deputy Managing Director, Md. Shafiqul Islam, VP & Head of Debt Capital Market of Prime Bank, and other representatives from both organizations were present.

BB-LTFF would be funded by Bangladesh Bank to continue providing long-term financing for private sector firms in US dollars (USD), mainly export-oriented manufacturing (small, medium, and large) firms, with a view to contributing to the national economy with increased outputs, job creation, and economic growth of the country. It will help the firms be more competitive in the market and grab emerging business opportunities.

 

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