IFIC Bank-BB deal on SME financing

Posted by BankInfo on Fri, Jul 13 2012 06:12 am

Sukomol Sinha Chowdhury, General Manager, SME and Special Programmes Department of Bangladesh Bank, and Mohammad Abdullah, Managing Director of IFIC Bank, exchange documents after signing an agreement at the central bank premises. Governor of Bangladesh Bank Dr. Atiur Rahman is also seen.

IFIC Bank Limited and Bangladesh Bank (BB) recently signed an agreement on utilising JICA-assisted funds in Small and Medium Enterprise (SME) sector in the country.

As per the agreement, IFIC Bank Limited will avail of re-financing facility from the central bank revolving fund to lend money for the development of SMEs, said a press release.

Sukomol Sinha Chowdhury, General Manager, SME and Special Programmes Department of Bangladesh Bank and Mohammad Abdullah, Managing Director of IFIC Bank signed the deal on behalf of their respective sides at the central bank premises.

The Daily Sun/Bangladesh/ 13th July 2012

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