Bangladesh Bank, Prime Bank ink agreement on refinance for digital nano loans
Prime Bank PLC has signed an agreement with Bangladesh Bank to avail itself of the central bank's Refinance Facility for Digital Nano Loans.
The signing ceremony was held recently at Bangladesh Bank's office.
The initiative represents a major step towards expanding affordable, technology-driven credit for underserved and unbanked communities, supporting the government's and Bangladesh Bank's vision of building a cashless Bangladesh. Under the scheme, Prime Bank will be able to offer fully digital loans to eligible customers at lower interest rates, making small-scale credit more accessible and convenient nationwide.
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The agreement was signed by Hassan O Rashid, CEO of Prime Bank PLC, and Iqbal Mohasin, Director of the Financial Inclusion Department of Bangladesh Bank. Deputy Governor, Dr Md Habibur Rahman; Additional Director, Kazi Mutmainna Tahmida; Executive Director, Rup Ratan Pine; M Nazeem A Choudhury, Deputy Managing Director; and A Z M Fouz Ullah Chowdhury, Head of Digital Channels, Prime Bank PLC, were also present.
Prime Bank already offers PrimeAgrim, a fully digital salary loan solution for retail customers, providing instant approval and seamless disbursement.
Through this refinance partnership, Prime Bank aims to further strengthen financial inclusion, accelerate digital transformation in the banking sector, and ensure easier access to small-scale credit across the country.
