Dhaka Bank Limited recently signed a participation agreement with Bangladesh Bank under refinance scheme for setting up agro-processing rural industries in the country.

The main purpose of the refinance agreement is to boost country’s agro-processing industries through disbursement of SME loans at easy terms and conditions in the rural areas. Managing director of Dhaka Bank Limited Knondker Fazle Rashid and general manager of SMESPD, Bangladesh Bank Sukomol Sinha Chowdhury signed the deal on behalf of their respective organisations while Chowdhury Mohidul Hoque, executive director of Bangladesh Bank was the chief guest on the occasion.

Neaz Mohammad Khan, DMD (RM), Sirajul Hoque, EVP of Dhaka Bank and Ali Ahmed, joint director, Bangladesh Bank together with other officials from DBL and the central bank were present. The agreement will add new dimension to Dhaka Bank’s financing strength under SME.

News: Daily Sun/ Bangladesh/ Aug-14-2011