EBL signs participation agreement with Bangladesh Bank
Photo: Courtesy
Eastern Bank Limited ( EBL) signed an agreement with the Bangladesh Bank for participation in Export Facilitation Pre-finance Fund worth Tk1,000 crore.
Ahmed Shaheen, additional managing director of EBL and Abdur Rouf Talukder, governor of Bangladesh Bank, signed the agreement on behalf of their respective organisations at a signing ceremony held Tuesday (30 January) at the central bank, reads a press release.
Direct and indirect exporters will have the opportunity to take loans in local currency for a period of 180 days, against the purchase or import of raw materials at a 4% interest rate.
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