Prime Bank joins Bangladesh Bank refinance schemes for green industry, ICT
Prime Bank PLC has signed two participation agreements with Bangladesh Bank to facilitate low-cost financing for green factory buildings, green industries, and information and communication technology (ICT) projects.
The agreements make Prime Bank a participating financial institution under the Refinance Scheme for Green Factory Building and Green Industry and the Refinance Scheme for Development of ICT Sector, according to the press release.
Prime Bank CEO Faisal Rahman and Bangladesh Bank Sustainable Finance Department Director AKM Nurunnobi signed the agreements at a ceremony held recently at the central bank's head office. Senior officials from both institutions attended the ceremony.
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Under the two schemes, Bangladesh Bank provides access to low-cost financing to support the development of green factory buildings and industries, as well as ICT projects. As a participating financial institution, Prime Bank will facilitate refinance-backed financing for eligible entrepreneurs investing in sustainable industrial development and ICT-related initiatives.
Prime Bank said its participation reinforces its continued focus on sustainable finance, responsible banking and inclusive economic growth. By joining the schemes, the bank aims to help entrepreneurs adopt greener industrial practices, develop environmentally sustainable infrastructure and advance technology-driven solutions.
The bank said its participation also reflects its commitment to working with Bangladesh Bank to promote sustainable investment and expand access to financing for emerging sectors of the economy.
Through these initiatives, Prime Bank aims to help build a more resilient, technology-enabled economy better prepared for future challenges.
