IFIC Bank joins Tk2,000 crore pre-finance scheme for leather industry
IFIC Bank PLC has signed an agreement with Bangladesh Bank under its Tk2,000 crore pre-finance scheme to support the leather and leather goods industry, with loans of up to Tk30 crore at a maximum interest rate of 7% for tannery and leather goods manufacturing companies and related supporting industries, to promote environmentally friendly production and enhance export capacity.
According to a press release, the agreement was signed on Wednesday, 16 September 2026, at Bangladesh Bank's head office.
Under the scheme, IFIC Bank can provide loans of up to Tk30 crore at a maximum interest rate of 7% to tannery and leather goods manufacturing companies, as well as enterprises in related supporting industries.
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Bangladesh Bank SME and Special Programmes Department Director Md Zabdul Islam and IFIC Bank Managing Director Syed Mansur Mustafa signed the agreement on behalf of their respective organisations, in the presence of Bangladesh Bank Deputy Governor Md Anis Ur Rahman.
Bangladesh Bank Executive Director Md Mojibur Rahman Sheikh and officials from both organisations also attended the signing ceremony.
