Bangladesh Bank (BB) and Bangladesh Finance and Investment Co Ltd (BD Finance) signed an agreement on re-financing the small and medium enterprise (SME) sector.

Under the agreement, the central bank will finance Bd Finance from the ADB Fund for providing loans to SME projects.

Sukomal Singha Chowdhury, general manager of Bangladesh Bank and GM Salehuddin Ahmed, managing director and CEO of BD Finance signed on behalf of their respective oranizations, said a press release.

High officials of SME and special programmes department of BB and deputy managing director, company secretary and senior officials of BD Finance were also present at the signing ceremony.

Source: daily-sun, Bangladesh/ March 11, 2011