Dutch-Bangla Bank Limited (DBBL) signed an agreement with Bangladesh Bank on refinancing under Asian Development Bank (ADB) Credit Fund for development of the Small and Medium Enterprise (SME) sector.

Sukamal Sinha Choudhury, general manager of Bangladesh Bank’s SME and Special Programs Department and K.S. Tabrez, managing director of Dutch-Bangla Bank Limited (DBBL) signed the agreement on behalf of their respective organisations at the central bank's head office on Monday.Under this deal, the Bangladesh Bank will refinance DBBL against the loans made by the bank to small and medium enterprises located outside Dhaka and Chittagong Metropoliton areas under certain criteria. The amount of loans to each enterprise would range from Taka 50,000 to Taka 7 million. Md Harunur Rashid Choudhury, Executive Director of Bangladesh Bank, Md Mosaddiqur Rahman, Deputy Managing Director of DBBL, Mohammad Abu Kausar, Head of SME Division of DBBL and other high officials of both the organisations were present.

Source: The Daily Sun/15 Dec 2010