Dhaka Bank Limited has recently signed a participation agreement with Bangladesh Bank to utilise the central bank’s refinance scheme for setting up agro-processing rural industries in the country, according to a press release. Knondker Fazle Rashid, managing director of Dhaka Bank Limited, and Sukomol Sinha Chowdhury, general manager of SME at Bangladesh Bank, signed the deal.
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.
Chowdhury Mohidul Hoque, executive director of Bangladesh Bank, was the chief guest on the occasion. Neaz Mohammad Khan, DMD, Sirajul Hoque, EVP of Dhaka Bank, and Ali Ahmed, joint director of Bangladesh Bank, and other senior officials were also present.
The agreement will add new dimension to Dhaka Bank's financing strength under SME.

News: The Independent/ Bangladesh/ Aug-18-2011